I’m a servicemember or veteran and currently have a conventional mortgage at an adjustable rate. Now that rates are low, I’d like to refinance to a lower fixed rate. Would I be eligible for a VA loan?

Because of the Veterans’ Benefits Improvement Act of 2008, veterans who would like to refinance their existing non-VA mortgages into a VA loan may be eligible to do so for up to 100 percent of the value of the property. This may allow qualifying veterans to lower their monthly payments and avoid foreclosure. Visit the VA’s website  or call (877) 827-3702 for further assistance.