Okay, so I’m judgmental here, but the deal offered is ripe for getting coerced and ripped off. Here’s my own say before I get into the program information.
If you are broke, don’t borrow more money, sell stuff off.
“Cash-Out Refinance Loan (Veterans Affairs) — The Department of Veterans Affairs (VA) Cash-Out Refinance Loan is for homeowners who want to trade equity for cash from their home.” Official web-page.
Your Government Programs 