I chose to refinance my home loan with 24 years remaining to 15 years. I spoke to a mortgage broker named Derek Hellerman who recommended a VA Loan and was happy to take my $400 deposit. I had a home foreclose in 1992 that was awarded to my ex-wife. I corrected and recovered from my divorce and have no credit problems, no late payments, and make 90K a year. My home was appraised at approximately what I said it would. That meant that I had a minimum of $20, 000 of equity in my home. The VA loan fell through because of the foreclosure, but... read full review »