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...]