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Inlanta Mortgage has been in the business of offering a wide range of Florida mortgages for many years. We are recognized as a fully licensed bank, allowing us to provide all of the common home loans.
VA Streamline Refinance Guidelines and Requirements (VA IRRRL) – The VA Streamline Refinance Option. According to the VA guidelines, there is a streamline refinance program called an Interest rate reduction refinance loan, aka IRRRL. Some lenders may call it the IRRRL or the VA streamline refinance interchangeably. This is a loan that is available only to people who currently have a VA mortgage.
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VA mortgage refinancing – HSH.com – Also, because VA lenders are fully guaranteed against losses by the U.S. Department of Veterans Affairs, VA mortgage rates sit about a quarter-percentage point lower than conventional mortgages. The most common type of VA refinance is known as the VA "streamline refinance," or the Interest Rate Reduction Refinancing Loan (IRRRL).
VA Streamline Refinance (Non-Credit Qualifying) – VA IRRRL. IRRRL stands for: Interest Rate Reduction Refinance Loan. An IRRRL is a VA-guaranteed home loan designed to refinance a borrower out of an existing VA home loan. generally the new VA loan will have a lower interest rate & lower principal and interest payments than the existing VA loan.
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We’ve written in the past on the benefits of the VA’s Interest Rate Reduction Refinance Loan (IRRRL), but we believe the product is so amazing that it would be beneficial to go over its merits again. The IRRRL, aka Streamline Refinance, is offered as a service to Veterans to help lower monthly mortgage payments.
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