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.
Shelby Weston and his team with InterLinc Mortgage are amazing. I've had the pleasure of working with them both professionally and personally and have been more than satisfied. They have helped us successfully close hundreds of loans from the professional side, I used them for my personal home purchase, I have referred them for several friends and family members who have also been extremely happy with the service they received. They keep you up-to-date in the loop during the entire transaction, they are always available for questions no matter the day or time. I would never use another lender if given the choice.
Todd and his group helped me through the buying process of my new home. Everything went smooth and the customer service was excellent. I will be sure to reccomend him to friends/family.
Sheryl Douglas and her team always take the best care of customers even going above and beyond to make sure people get the best loan for their situation. I highly recommend Sheryl and her team.
I couldn’t have asked for anything more from Eric and his team. They were quick to answer calls, emails, and text messages and answered my questions thoroughly. Eric provided me with four detailed mortgage options which enabled my husband and I to make an educated decision in purchasing a home for our son to reside in while attending OSU. (Go Pokes!!) I reached out to Eric after receiving the run around by bank lenders. Eric was highly recommended by a family member that had previously used his services, and now we highly recommend him to you! Thank you for everything, Eric. Because of you my husband and I can rest easy knowing that we spent our money wisely.
Mr. Zanotelli was very knowledgeable about lending options in planning the purchase of our home. Both he and his staff were very responsive to our emails or phone calls throughout the process.
5 star service all around. My wife and I were fortunate enough to find Jackie to assist us with our home purchase in Hendersonville. She made the process very easy. We highly recommend her to anyone needing a home loan.
We are now proud homeowners because of Cary Tennis at InterLinc Mortgage! We never thought we would be homeowners and Cary guided us in the right direction to make that dream a reality! She was there every step of the way and never made me feel silly for all of the questions my husband and I had during the process. Buying a house should have been so stressful, but it wasn't with Cary!
I trust Shelby and his team at InterLinc Mortgage with any client referred to him. The systems that he has in place to keep everybody involved in the transaction up-to-date is terrific, but my favorite thing about Shelby Weston is that he is available. Real Estate is 24/7 and sometimes I need his expertise - not 9-5. Being local, Shelby understands every program available for financing and has a network of people in his corner. He is there to answer questions, and this helps me to get the offer written right the first time. In confidence, I recommend Shelby Weston to all of my agents. I know with him and his team on their side, they have a much greater opportunity for success. I can't even remember a closing that didn't happen ON TIME with a few days to spare. That makes my job so much easier - and my motto is "work smarter, not harder" - Shelby helps me do that.
There are many mortgage companies to work with, but hands down the InterLinc team should be your choice! Friendly and supportive!
Working with Alex Shavirovich is always a pleasure. I refer my clients to him because I know he will do the hard work at the beginning of the approval process in order to ensure a smooth transaction. He stays on top of the process and manages the many steps of the loan efficiently. I also highly recommend Alex and his team for doing Renovation Loans. He can handle even the most complicated loans that other lenders shy away from.