A VA IRRRL is a Veterans Administration Interest Rate Reduction Loan program. Many VA homeowners who have purchased their home within the past year could benefit from a lower interest rate. This is also known as a Streamline refinance program in which it requires limited documentation in terms of income and assets. Its quite common for a lender to issue out a rebate to cover all of the closing costs and no appraisal is needed.
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Shawn Sidhu
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