Many veterans do not understand one of the best benefits of their VA home loan. It is designed to allow you to lower your interest rate and monthly payments. It is called an IRRRL: Interest Rate Reduction Refinance Loan.
An IRRRL is a streamline refinance process which allows you to refinance without an appraisal to take advantage of a lower interest rate! There is minimal documentation needed and a long as your payments have been made on time you should be able to qualify.
These loans can be closed quickly and provide relief when it is needed in a down market.
If you want to lower your payments or interest rate on your VA loan, or to apply for a VA loan, call the Best Loan Officer in the Rogue Valley to discuss your options:
David DuBeau
541.292.9663
541.608.2161
www.DavidDuBeau.net
Once you are prequalified for a VA home loan:
Call The Best Realtor In The Rogue Valley, Cheryl Malone at Windermere Investors Marketplace and "Lets Go Shopping"! 541.951.1960 www.CherylMalone.com
OTHER RELATED BLOGS:
How Do I Use My VA Home Loan?
http://daviddubeau.blogspot.com/2011/02/va-home-loan-how-do-i-use-my-veteran-va.html
What is a "Preapproval Letter"?
http://daviddubeau.blogspot.com/2011/02/what-is-preapproval-letter-when-buying.html
Should I Buy A Home Right Now?
http://daviddubeau.blogspot.com/2011/02/should-i-buy-home-right-now-john.html
Is it cheaper to rent, or buy?
http://daviddubeau.blogspot.com/2011/02/it-is-cheaper-to-buy-than-rent-home.html
What is the difference between a Foreclosure, REO, and Short Sale?
http://daviddubeau.blogspot.com/2011/02/difference-between-foreclosure-and.html
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