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:
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.
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I can’t say enough great things about my experience with InterLinc Mortgage! From start to finish, the process was seamless, professional, and personalized. The entire process was handled with care and attention to detail, making what could have been a stressful experience incredibly smooth. InterLinc Mortgage is highly knowledgeable, responsive, and genuinely focused on their clients. They were always available to answer my questions, provide updates, and guide me through all the options available. Their dedication to customer service is unmatched, and their expertise ensured I got the best possible mortgage terms. If you’re looking for a company that combines professionalism, transparency, and exceptional customer service, I highly recommend InterLinc Mortgage. Thank you for helping me achieve my homeownership dreams!
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