With VA interest rates sitting at record lows many Veterans are considering a program call the VA Streamline Refinance or IRRRL (Interest Rate Reduction Refinance Loan). The main benefit to this program is the streamline processing requirements of this loan and the limited amount of documentation that has to be provided. Plus it works for both your primary home or rental property.
At VAMortgageSource.com we have been promoting our No Cost VA Streamline refinance program where we use the lenders premium pricing to pay all the closing costs. Instead of increasing your loan and paying all the traditional fees this option allows you to keep your principal balance the same. Just last week I was too late to help a prospective client that payed over $13,000 in fees and points on a VA Streamline we could have done for FREE!
So before you head backto your bank or an out of state VA lender, call the local, trusted VA Mortgage Pro’s at www.VAMortgageSource.com and request a FREE VA streamline quote.
