Already have a VA loan? Want a better one?

The VA IRRRL (Interest Rate Reduction Refinance Loan), also know as the VA Streamline refinance, allows you to refinance your existing VA loan to a lower interest rate, even if you don’t have any equity in your home.

With the IRRRL, veterans are not required to get a new appraisal or submit a full credit report, which makes the process virtually hassle-free. Oftentimes, you don’t have to pay anything out of pocket, either.

The VA’s IRRRL can help borrowers:

  • Lower monthly payments
  • Reduce interest rates
  • Build equity faster
  • Pay off loans sooner

VA Cash-Out Refinance

The VA Cash-Out Refinance program is another great reward for your service. With the VA Cash-Out Refinance, you have the opportunity to turn the equity in your home into cash. Unlike a traditional home equity loan, which is actually a second loan, this program replaces your existing mortgage.

With a VA Cash-Out Refinance, you can:

  • Reduce your total monthly payments
  • Payoff High Interest Rate Credit Cards
  • Payoff Auto Loans
  • Skip a house payment
  • Pay $0 out of pocket

For more information about the VA IRRRL refinance program, including complete eligibility requirements, contact us today.