Understanding the VA Streamline

The VA Streamline Loan, or Interest Rate Reduction Refinance Loan (IRRRL) is the
fastest and easiest way to lower your monthly mortgage payment by reducing your current interest rate. With VA interest rates at all time lows, this simple process could easily save you hundreds of dollars each month and thousand over the life of your loan!

If you currently have an adjustable rate mortgage (ARM), you can also refinance and
convert it into a fixed rate mortgage.

What are the benefits of a VA Streamline Loan?

The VA Streamline Loan is designed to quickly and seamlessly reduce your interest rate
to lower your monthly payments and put more money in your pocket each month. With
the VA Streamline Loan, you are streamlining your existing VA loan. As a result, there
are no credit checks, no appraisals, no inspections, no upfront expenses, no
current occupancy requirements, no Certificate of Eligibility. Since the VA
Streamline Loan eliminates these common loan origination fees and requirements, you
are able to refinance your home quicker and for less money!

Who qualifies for a VA Streamline Loan?

Anyone who has a current VA loan qualifies to refinance their existing loan using the VA
Streamline Loan. Refinancing your VA loan will reuse the entitlement you originally
used. A new Certificate of Eligibility (COE) is not required. It is important to note that
the occupancy rules for a VA Streamline loan only require that you previously occupied
the home. You do not need to currently occupy the residence.

Can I get money back on this loan?

While you may not receive any cash from the loan proceeds and “cash out” using the
VA Streamline Loan, you do receive a refund on your existing escrow account and you
can skip up to two monthly mortgage payments, so essentially, you will receive money
back to use as you wish.

What if Iʼm a disabled Veteran?

Veterans who are receiving compensation for a service-connected disability or would
be entitled to received compensation for a service-connected disability if they did not
received active duty pay or retirement pay are not required to pay the VA funding fee.
Surviving spouses of a Veteran who died in the service or from a service-connected
disability may also waive the VA funding fee.

How do I get started?

If you are a Veteran and have not refinanced lately, you should seriously consider
refinancing your existing mortgage using the VA Streamline Loan. With VA Rates at all
time lows you should apply today to lock in your new low-interest rate and start saving
Potential hundreds of dollars each month and thousands of dollars over the life of your
loan! A simple loan application will start the process and allow us to lock in your new
Low-interest rate. There are no upfront expenses to take advantage of the VA
Streamline loan, so apply today and take advantage of this loan that was custom made
for borrowers who want to save money and get a lower interest rate fast!

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