If you currently have a VA loan, you are eligible to refinance for very little money and it will not take a lot of time. In fact, it is one of the easiest programs out there, enabling you to get a lower interest rate and ultimately save money every month. If you have held back from refinancing because you know that refinancing is usually expensive and not always worth it, you need to learn the truth about the VA IRRRL program. Low Cost A refinance that does not cost much seems too good to … [Read more...]
Are You A Vet and Are Your Familiar with The IRRRL Va Mortgage?
Only silence is what I hear when I recently asked this question to some of my VA loan customers. Truthfully, I didn't expect them to know what the IRRRL VA mortgage was? I mean come on, who would know what these letters mean? Mortgage people do, well some mortgage people - those who do VA loans. But for the most part, it is not a well-known term. For those of you with seats in the stands with the rest of us, IRRRL stands for Interest Rate Reduction Refinancing Loan. The IRRRL is also known as … [Read more...]