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Blog Image: What Is a VA Streamline Refinance?

What Is a VA Streamline Refinance?

VA IRRRL Refinancing The Interest Rate Reduction Refinance Loan (IRRRL), sometimes called a “Streamline” loan, is a product for existing VA borrowers interested in taking advantage of lower interest rates. An IRRRL can help a VA borrower reduce their monthly payments by refinancing at a lower interest rate.*One of the best features of these kinds of loans is that they require very little paperwork and can often require almost no out-of-pocket costs. If closing costs are an issue, borrowers have the option of rolling their closing costs into the total loan amount. Additionally, n...

December 29th, 2020 | VA IRRRL , What Is a VA Streamline Refinance?