Get Va Rate Reduction Certification Form - Jmac Lending

Filling out the VA Rate Reduction Certification Form is a crucial step in refinancing your home loan. This guide will walk you through the process of completing the form online, ensuring you understand each section and field.

Follow the steps to successfully complete the VA Rate Reduction Certification Form online.

1. Click ‘Get Form’ button to obtain the form and open it for editing.
2. Begin by filling out the previous loan information. This includes the previous loan number, loan amount, original term, monthly payment, interest rate, original borrower name, and original co-borrower name, if applicable.
3. Next, move to the proposed loan section. Fill in the new loan number, proposed loan amount, proposed term, proposed monthly payment, interest rate, borrower name, and co-borrower name.
4. In the section detailing the time to recoup closing costs, enter the expected months needed to recover these costs based on your new loan terms.
5. Calculate and input the monthly decrease in payments and total closing costs associated with the refinancing process.
6. In the certification section, each borrower and co-borrower must print their names, provide signatures, and date the form, certifying their understanding of the loan payment and interest rate.
7. Once all fields are completed, review the form for accuracy. Save your changes, and then choose to download, print, or share the form as needed.

Start completing your documents online now for a smoother refinancing experience.