Interest Rate Reduction Refinance Loan: Closing Costs

Closing costs normally associated with an Interest Rate Reduction Refinance Loan (IRRRL)

  1. Origination Fee *
  2. Discount Points
  3. Prepaid Taxes and Hazard Insurance
  4. Title Examination Fee
  5. Title Insurance Fee
  6. Flood Zone Determination
  7. Environmental Endorsements
  8. Recording Fees
  9. Special Mailing Fees (Example: Fed-Ex or Courier Fees)
  10. VA Funding Fee

*The loan origination fee is limited to 1% of the loan amount. The lender may charge this flat fee or itemize the following fees not to exceed 1%:
- Application and Processing Fees - Document Preparation Fee - Loan Closing or Settlement Fee - Notary Fees - Interest Rate Lock-In Fee - Tax Service Fee - Reconveyance Fees - Commitment or Marketing Fees - Trustee’s Fees or Charges

This is not an all exclusive list of fees and charges. If you have any questions concerning fees and charges on a VA Loan, contact the your regional VA loan center.

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31 October 2014 Military Pay

The next regular, active duty military payday is Friday, 31 October 2014 because 1 November 2014 falls on a Saturday.  When will you actually get paid?  That depends on your bank, its policies, and some other variables.   Most banks and credit unions deposit active duty military pay on the actual payday.  However, some companies offer early direct deposit as a […]

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