You're working, and you've got a family that depends on you - both now and down the road. Where do you invest your money? Do you borrow against the equity in your house? Through a preferred provider relationship with USAA, The American Legion can provide expert financial advice to just about any question.
Why not look at refinancing with a VA loan? You could still take advantage of today’s low rates, you won’t get penalized from a rate standpoint for using a VA loan, and you would likely be able to reduce costs and cash required at closing. With a VA interest rate reduction refinancing loan, you could refinance without an appraisal and the only cost the VA requires is a one-half percent funding fee which can be rolled into the loan. This could be a very good option. Check it out and as with any mortgage transaction, shop around.