A VA IRRRL (Interest Rate Reduction Refinance Loan) provides a streamlined process for refinancing a VA loan to take advantage of lower interest rates or to reduce the repayment period. The VA IRRRL is designed to reduce the interest rate of an existing VA loan or convert an existing VA adjustable rate mortgage loan into a fixed rate mortgage loan.
A VA IRRRL has several benefits, which include, but are not limited to:
Property appraisal may not be required
New Certificate of Eligibility (COE) is not required
Funding fee is .5% (0% for disabled veterans)
A VA IRRRL cannot be used to refinance a non-VA mortgage. It must be a VA-to-VA refinance, and the IRRRL will reuse the entitlement you originally used.
David was fantastic all around. He was very flexible with his time in and out of work, which was very appreciated. David took his time to explain everything to me precisely and never seemed annoyed by my calls or messages.
Jonathan was great to work with and I would highly recommend him to help anyone navigate through the complexities of the home loan process. Not only was he very knowledgeable and thorough in handling the paperwork, he also was very accommodating around my busy work schedule, which often meant correspondence outside of normal business hours. It’s clear that Jonathan cares about his clients and getting them into the home of their dreams.
My wife and I were looking for a house to buy. We did not know the process of buying a house. We started to go around visiting properties. We found one property that was proposed to us and fit our budget, and we decided to buy it. We contacted 2 mortgage lenders. We visited with the first lender who looked at all the requirements and asked us to work on some of the requirements that were difficult for us to meet at that time.
We could not be happier with the Zanotelli Team! They are top notch and were so very helpful throughout the whole process! Everyone was so easy to deal with and made the process of buying a home stress free. Ours was a little harder than most and simply put, they made it happen. From getting pre-approved within an hour, to signing our mortgage they were efficient, friendly and professional! We feel fortunate to have used them and would highly recommend them to anyone!
I would recommend Eric Zanotelli and his team at InterLinc Mortgage for any first-time home buyer. They talk me through every step of the process and helped me calculate what we could realistically afford. They did an awesome job of making the process less intimidating.
As a first-time homebuyer I had no idea what I was doing....I had a great experience working with Rory and his team....I mostly worked with Rory and Brian. They were always so generous with their time and efforts. They both went above and beyond with the whole process. They did a very good job explaining the whole process and making us feel comfortable in our decisions. We never felt pushed or rushed which I hear is very uncommon with buying a house.
Shelby Weston is our go-to lender. He is honest with our clients and if he says he will get the loan to closing...he means it. He is always available to answer questions and help resolve issues relating to the loan process. I appreciate his integrity and honesty in this business because I know I can count on him to do his part to help our clients achieve their dream of homeownership.
Moved from upstate New York, Eric and his team made the whole process so very easy I would recommend the Zanotelli team to anyone who is looking to move to the Great State of Oklahoma!!!! Thanks again.
If you have questions like me, he'll answer them all. he'll explain and use the right tools to answer, explain and visualize whatever it is you need. He made sure I got all the answers before I made my decision. All of them, no round arounds, no hesitations. If he did not understand the question, he'll ask again but made sure I got an answer. I'll work with him again when the time comes.
Eric and his family are truly the best. I was a first time home buyer and they made the entire process a breeze! If I didn't understand something, they would take the time to help me understand so I could always make a better informed decision. It's been a year since I have purchased my first home and the Zanotelli team still looks out for me. They are a blessing.