Tuesday, May 15, 2012
Interest Rate Reduction Refinancing Loan
Department of Veterans Affairs VA Streamline Refinance. The VA "streamline" the Interest Rate Reduction Refinancing Loan or IRRRL. The advantage for a Veteran is to lower their rate or with adjustable rate to get a low fixed rate. Some of the benefits of the streamline is no appraisal required, in some cases reduced credit score standards, no income proof, no out of pocket costs, and an opportunity to defer up to two payments. Appraisal may be required in the near future, so let's get started with a call to 757-552-7000 or toll free at 1- 800-882-0066.
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