I’m currently in the middle of a cash out refinance on my home with a current rate of 2.25%. I’m talking to United Whole Sale Mortgage and they’re guaranteeing me a rate of 3.5% after the 6 months when I streamline. When I asked how can they guarantee a rate when you don’t know what the market will be 6 months from now , he said it’s because he’s backed by the VA. Can someone explain how this is possible?
Posted by anon41995-