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Paycheck Chronicles

12 February 2016 Military Pay

The 12 February 2016 military pay date is very early, which is a nice bonus, but it will mean longer pay periods at the end of...

Streamline Refinance Archive

Showing 1 - 5 of 17 articles

IRRRL Facts for Veterans

White suburban home.

IRRRL stands for Interest Rate Reduction Refinancing Loan. You may see it referred to as a "Streamline" or a "VA to VA." Except when refinancing an existing VA guaranteed adjustable rate mortgage (ARM) to a fixed rate, it must result in a lower interest rate. When refinancing from an existing VA ARM loan to a fixed rate, the interest rate may increase. No appraisal or credit underwriting package is required by VA. You should be aware, however... more

VA Streamline Finance Program: The Basics

paperwork at bank

The VA’s Streamline Refinance program, also known as a “VA to VA” loan or Interest Rate Reduction Refinancing Loan (IRRRL), allows you to lower the interest rate on your mortgage with few or no out-of-pocket costs. This is only available to you if you have already used your eligibility for a VA loan on the property you intend to refinance, and is probably the best option for you if you just want to refinance your existing loan at a lower ... more

VA Streamline Refinance Offers: A Personal Experience

Navy family at home

[This article was originally published on the 2nd Marine Aircraft Wing website.] This article is intended to give the reader a basic understanding of the sales techniques of the VA streamline refinance offer, and at the end of the article guidelines are provided to help decide who this type of loan is really good for. Recently, there have been a lot of VA streamline mortgage refinance offers being circulated through the mail. In bold letters... more

Is Refinancing Worth Your While?

calculator and checkbook

Content from USAA Deep interest rate cuts have many homeowners rushing to refinance their home mortgage loans. And while refinancing can be a budget booster, you need to look beyond low rates to make the decision that's right for you. The Break-Even Point A refinanced mortgage pays off your existing loan, replacing it with a new one, so expect to go through the same closing process as you did for your original mortgage. But before com... more

Forget the 'Two Percent Rule' for Refinancing

Discussing finances

You may have heard that interest rates are on the rise. In fact, it was one of the biggest financial stories of the summer and all the economic pundits couldn't wait to get their two cents heard on a television program or appear in their blogs. Yes, rates did go up earlier this year and statistically it was one of the largest month to month increases in a couple of decades. If you were thinking of refinancing your mortgage and heard this ... more

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