Question

The VA permits refinancing under all except which of the following conditions?

Option 1: When interest rates are lower than the original loan.
Option 2: When the borrower's credit score has improved.
Option 3: When the property value has increased.
Option 4: When the borrower has changed jobs.

Answer 1

The VA permits refinancing under all conditions except when the borrower has changed jobs.

Step-by-step explanation:

The VA permits refinancing under all conditions except when the borrower has changed jobs. Option 4 (When the borrower has changed jobs) is incorrect.