There are specific restrictions for what is defined as cash out. There are different LTV (Loan-To-Value) restrictions for different cash out options at RanLife. If you would like to see if you qualify for this exclusive cash out program please fill out an online application or submit a VA Status Check.
Not only can you obtain a VA cash out refinance up to 90%, but you do not have to pay a monthly PMI (private mortgage insurance) premium. Hazard insurance insures the homeowner (this is homeowners insurance) but PMI insures the lender against homebuyer default.
You can combine 1st & 2nd and reduce your mortgage payments. The time to get started is now!