“Can I Lower the Interest Rate on my VA Loan?”
When you got your VA loan, your interest rate might’ve been higher than you hoped. Now you want a lower one so you can save more of your hard-earned money. The Interest Rate Reduction Refinancing Loan could be a perfect option for you.
Georgetown Mortgage can help you refinance your VA loan to an IRRRL, so you can have more freedom and flexibility with your income. An IRRRL is also referred to as a “Streamline” or “VA to VA Refinance.”
Do You Qualify For a Streamline VA Refinance?
Here are some typical guidelines for qualifying for an IRRRL:
- You must have a VA loan for the property you want to refinance.
- You need to certify that you previously occupied it.
- Your loan can’t exceed the sum of the outstanding balance on the existing VA loan, plus the allowable fees and closing costs.
- You must be current on your existing loan and can’t have more than one 30-day late payment in the last 12 months.
It’s best to get a consultation with one of our experienced loan officers to ensure that the Streamline VA Refinance loan is the best option for you.
We’re not a one-size-fits-all lender. We spend a lot of time with people really trying to find out what it is that they truly need because sometimes it’s not what they think they need.Georgetown Mortgage Loan Originator
Contact Georgetown Mortgage Today
Unlike big banks that take 60-90 days to close a refinance, we get yours closed in around 30 days. So the sooner you contact Georgetown Mortgage, the sooner your financial stress will be lifted. Don’t let your high interest rate stop you from making the most of your life. Call us today.