REFINANCING FOR VA
Available to veterans who have an adjustable rate mortgage and owe more than they can afford, a refinance loan may help alleviate some of that stress by lowering your rate. But that’s not the only reason to refinance your loan. The ability to simply get a lower rate, turning your adjustable mortgage rate into a fixed one or consolidating two mortgages into one can be other reasons to refinance your VA loan. There are commonly two different refinance programs people with VA loans tend to take advantage of.
Interest Rate Reduction Loans (IRRL)
This loan could get you a lower interest rate.