Are you tired of paying high interest on your mortgage? The Interest Rate Reduction Refinancing Loan (IRRRL) is one of the easiest ways to refinance your current loan. No appraisal, income verification, or credit check is necessary. Instead, we will simply use the paperwork from your prior VA loan as a validation procedure.
You can refinance through the IRRRL without paying any out-of-pocket expenses too, which is nice. Veterans really like this program because there is no maximum loan amount and there is no monthly mortgage insurance required.
Lastly, the IRRRL does not use any VA loan entitlement, which means you do not have to apply to get entitlement restored (as you would with a VA Cash-Out Refinancing Loan.) Many people are unaware of all the wonderful benefits of the VA IRRRL Program, so we are very pleased to offer this service and tell you all about the details! Call us now at (855) 956-4040 to learn more.