Tuesday, October 23, 2012

VA Refinance

IRRRL Benefits is an interest rate reduction refinance loan. Want to save yourself some money by refinancing your existing mortgage? Are you a veteran who has served in the military and ready to take advantage of some great benefits? You have served your country well and it’s time to think about lowering your costs. An IRRRL is a great way to do just that.

This loan is provided by the federal government and allows veterans, like yourself, to lower your interest rate. Now is the best time, so be sure to take advantage of this opportunity. It can save you thousands of dollars in interest costs.

There are a few stipulations with this type of refinancing in that your original loan must be a VA loan, you must be lowering your interest rate by at least 1% and you cannot take any cash out. The money you save in interest for the life of the loan is worth much more than cash out anyway and saves you money each month. With a lower interest rate, your payments will be lower.

I have quite a few friends who are considering refinancing their existing VA loans and I'm sure they will be thrilled to learn of this benefit from IRRRL.

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