VA STREAMLINE (IRRRL)
The VA streamline refinance, also known as an interest rate reduction refinance loan (IRRRL), allows you to refinance your current loan for a better rate. The VA benefit puts Veterans and surviving spouses in a better financial situation by allowing them to refinance an existing VA mortgage with limited closing costs. This is helpful for lowering interest rates, principle reductions, and changing loan terms (going from a 30 year to 15 year mortgage, or from and ARM to a fixed rate.) There is a lot of information about these loans and our VA loan specialists can help you understand exactly how to get the best rates.