One of the most popular products at Creekside Mortgage, Inc. is the VA Streamline or IRRRL (Interest Rate Reduction Refinance Loan).
With rates at historic lows, some people are finding that their existing VA loan has a higher interest rate than what is currently being offered. When this is the case, individuals have the option of refinancing their loan to a lower interest rate.
What makes this even better, however, is that depending upon the lender that is being used to finance the loan, all of the costs and fees of the refinance may be rolled into the loan. This means that you may not have to pay any out-of-pocket costs in order to do the refinance, but you get all the benefits of a lower payment and lower interest rate.
If you are stuck in a VA loan with a higher interest rate, you need to look into an IRRRL. There’s no reason to be paying a higher interest rate then you have to.
Call Creekside Mortgage, Inc. at 360.571.5626 today if you are interested in an IRRRL or you have any other questions.