IRRL (Veterans Administration Interest Rate Reduction Loan)Interested in lowering your monthly payment with NO out of pocket cost? Consider using your IRRL benefit
The VA IRRL refinance loan allows you to reduce your monthly cost easily. The IRRL benefit offers:
Veterans with current VA loans can take advantage of
lower rates and reduce monthly payments quickly and easily with
radically reduced documentation requirements using an IRRL. The IRRL does not require
any income, asset verification or credit report and it's available in
fixed-rate mortgage options. This IRRL refinance program is part of your
veterans benefit. If your interest rate is higher than today's low rates, you
owe it to yourself to find out how much you can save with an IRRL. Email with
questions on your IRRL
I have included some specific qualification IRRL guidelines for VA loan participation.
I have included information on the various VA IRRL Funding Fees as well.
For more information on your entitlement, please see the VA IRRL Entitlement page.
I have included a page on VA Loan documentation requirements.
Calculate your "Payback Period" to verify refinancing makes sense in your specific situation.
Search the site for more information.
As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your debt is structured today can have a life changing effect in the years to come. Read more about this free, no obligation service.