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Frequently Asked Questions
NEWDAY USA FAQ
A NewDay USA VA Cash-Out Refinance Loan is for homeowners who want to turn their home equity into cash to address such concerns as paying off high-interest debt, funding school, making home improvements, or just to have the security of cash in the bank*. This type of refinance loan can also be used to refinance a non-VA loan into a VA loan.
* Consolidating your debts may increase the length of time needed to repay the debts and your total finance charges may be higher over the life of the loan.
With a NewDay USA 100 VA Cash Out Loan, you can save hundreds of dollars a month by consolidating high-interest credit card debt into a lower-interest cash-out loan*.
*Consolidating debts may increase repayment time and total finance charges may be higher over the life of the loan.