How does the brand new Virtual assistant cash-out refinance functions? Information With this specific home loan program, you could alter your newest old-fashioned or Virtual assistant mortgage with a beneficial brand new Virtual assistant financing and be the house’s kept collateral to the dollars. Following, you can utilize the money for your mission, like debt consolidating otherwise home improvements. From the refinancing, you can buy an alternative Virtual assistant mortgage to own $300,000 to pay off your current financial and…