4 Benefits to a VA Streamline Refinance

A VA streamline refinance, also known as an IRRL, interest rate reduction loan, is a great way for the veteran to help maximize monthly cash flow by lowering monthly mortgage payments. Here are the benefits of a VA streamline refinance:

  • Refinance existing VA loan to a lower interest rate
  • Lower monthly mortgage payments on existing VA loan
  • Little to no money out of pocket, by including all costs into the new loan
  • No appraisal required