lower interest rate: VA Home Loan Benefit - The IRRRL (Interest Rate Reduction Refinance Loan)
- 06/21/11 06:31 PM
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. … (2 comments)
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.
;)
;)
