An “Interest Rate Reduction Refinancing Loan” also known as “ IRRRL” or “VA Streamline Loan” can help lower your interest rates and monthly payments if you’re VA-qualified. What IRRRL Offers This IRRRL is a guaranteed loan to refinance an existing loan offered to qualified Veterans. These loans usually have a lower interest rate, and lower […]
When you refinance within the VA loan program, there are certain closing costs that are not allowed. Here is a brief list and description of closing costs that are not allowed. Attorney Fees The lender may not charge the borrower for attorney‘s fees. Reasonable fees for title examination work and title insurance can be paid, […]
A list of closing costs for refinancing VA loans that cannot be paid by the Veteran. VA loans have certain costs that cannot be paid by the Veteran.