Interest Rate Reduction Refinance Loan
The Department of Veterans Affairs ( VA) is the United States Government’s division that ultimately deals with veterans’ benefits, healthcare and even memorial and burial assistance. One of the Veterans Affairs programs is the IRRRL. This stands for the Interest Rate Reduction Refinance Loan. This refinance program is offered to qualified veterans in order to […]
Whether wanting to have a lower interest rate, converting a mortgage type or reducing the existing term or a loan, refinancing is usually the way to go. Under the U.S. Department of Veterans Affairs, there is a very simple refinance option called the VA Streamline Refinance, also known as the Interest Rate Reduction Refinance Loan […]
There’s one unique factor about VA loans. They require a specific amount of residual income. Knowing how to calculate this figure can help you prepare for a VA loan. The VA cares about the income left after you pay your bills more than many other factors. It shows that you don’t have to sacrifice daily […]
