Streamline Refinance Archive
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Inside the Interest Rate Reduction Refinance Loan
It seems the government has an acronym for most everything. In fact, I can’t think of a government agency or office that doesn’t have its own moniker from POTUS all the way down to the DMV. And the VA (there’s another one) has its very own acronym, the IRRRL which stands for the Interest Rate Reduction Refinance Loan. Most commonly referred to as the VA Streamline, the IRRRL offers those who qualify a way to refinance their existing VA home lo... more
VA Streamline Refinance Offers: A Personal Experience
Military.com
[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
Refinancing VA Loans: Reducing Your Mortgage
Military.com
Homes are expensive, and paying off loans takes a great deal of time and money. Any veteran thinking about refinancing their house, or who just needs a way to reduce their interest rates, should look into an Interest Rate Reduction Refinance Loan (IRRRL), which can reduce the interest rate when a VA home loan is refinanced. This loan is only an option on real estate that was originally purchased with a VA loan, but they're relatively easy to ... more
New FHA Streamline Refinance Program Saves Money
New price-cut FHA Streamline program can save current FHA borrowers money on mortgage insurance while reducing monthly payments. Military members who are not eligible for VA home loan benefits will often use FHA loans similar to VA loans for their low-money-down and government-backed features. Current FHA borrowers may be entitled to newly reduced FHA Streamline refinancing which can help cut the costs to refinance while taking advantage o... more
VA Refinance for Building Equity Faster
Military.com
VA-eligible borrowers whose priority is to own their homes outright or build equity more quickly may want to consider refinancing with a 15- or 20-year VA-guaranteed mortgage. Are these high on your priority list for considering a VA refinance loan? I want to build equity in my home faster I want to repay my loan and own my home in less time I want to obtain a lower interest rate than can be obtained with a 30-year mortgage ... more
Popular Articles - Streamline Refi
Paycheck Chronicles
31 May 2013 Military Pay
Each year, I see a huge jump in traffic with people wondering if they will get paid before Memorial Day weekend. Unfortunately, the way the calendar works, it rarely happens. This year is not an exception. The next regular, active duty military pay day is Friday, 31 May 2013. Payday is on Friday because the [...]
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