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What Is a VA Streamline Refinance?

VA IRRRL Refinancing The Interest Rate Reduction Refinance Loan (IRRRL), sometimes called a “Streamline” loan, is a product for existing VA borrowers interested in taking advantage of lower interest rates. An IRRRL can help a VA borrower reduce their monthly payments by refinancing at a lower interest rate.*One of the best features of these kinds of loans is that they require very little paperwork and can often require almost no out-of-pocket costs. If closing costs are an issue, borrowers have the option of rolling their closing costs into the total loan amount. Additionally, n...

December 29th, 2020 What Is a VA Streamline Refinance?

Blog Image: What Is a VA Streamline Refinance?

What Is a VA Streamline Refinance?

VA IRRRL Refinancing The Interest Rate Reduction Refinance Loan (IRRRL), sometimes called a “Streamline” loan, is a product for existing VA borrowers interested in taking advantage of lower interest rates. An IRRRL can help a VA borrower reduce their monthly payments by refinancing at a lower interest rate.*One of the best features of these kinds of loans is that they require very little paperwork and can often require almost no out-of-pocket costs. If closing costs are an issue, borrowers have the option of rolling their closing costs into the total loan amount. Additionally, n...

December 29th, 2020 | VA IRRRL , What Is a VA Streamline Refinance?

Blog Image: Merry Christmas and Happy New Year

Merry Christmas and Happy New Year

All of us at Obsidian Financial Services, Inc. would like to wish you a Merry Christmas and a Happy New Year! We hope that 2021 is a year full of happiness, health and prosperity for you and your loved ones. All the Best, Obsidian Financial Services, Inc.

December 23rd, 2020 | Refinancing a Home, Credit, Home Equity, Merry Christmas and Happy New Year

Blog Image: What lenders want to know before you apply for a business

What lenders want to know before you apply for a business

1. Can you repay a loan? Lenders may not ask it exactly this way, but when they ask about your time in business, your annual revenues, your profits or your cash flow, they’re trying to determine if you have the means to make regular payments. This is why it’s so difficult for early-stage businesses that aren’t generating regular income or revenues to qualify for a loan. While a good business plan is important, lenders are more interested in whether or not your business has the cash flow to make the loan payments. No revenue or no cash flow usually means no loa...

November 11th, 2020 What lenders want to know before you apply for a business

Blog Image: Expenses Can Take Business Owners By Surprise At Years End

Expenses Can Take Business Owners By Surprise At Years End

Many of the loans taken out during the holiday season are taken out last minute because they were unexpected. There are many financial issues that can crop up during the holidays: Payroll and holiday bonus expenses. Many business owners enjoy giving gifts to their employees during the holidays, but this can take a financial toll, especially if the business hasn’t budgeted appropriately. End of year expenses. The end of the year can bring many contracts to bear, some of which may need to be paid out immediately and finalized. Reduced income. For companies outside o...

November 7th, 2020 | Year End Business Funding, Expenses Can Take Business Owners By Surprise At Years End

Blog Image: Business Loans for Poor or Limited Credit

Business Loans for Poor or Limited Credit

Small-business owners are the bread and butter of the American economy, but the responsibility doesn’t come easy. Bad credit business loans can help owners out of a jam when they need it most. The cash obtained from a bad credit business loan can kick-start your business’s growth and help get your finances back on track.   There are many reasons why a company or business owner has less-than-stellar credit, but the outcome is still the same: It’s harder to get approved for traditional small business funding. Fortunately, lenders like Lonestarlending.net, can wo...

October 28th, 2020 | Bad Credit Business Loans , Business Loans for Poor or Limited Credit

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