Refinance
How much can I save with a VA IRRRL?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Savings depend on how far your rate drops, but a VA IRRRL is designed to lower your rate and payment with minimal cost, often with no appraisal or income docs. Even a modest rate reduction can save real money monthly.
The funding fee on an IRRRL is low (0.5%) and can be financed. We'll compare your current payment to the new one and show your monthly and lifetime savings.
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