Navy Federal’s VA Interest Rate Reduction Refinance Loan (IRRRL): Current Rates and Guidelines

veterandisabilityadviser.com

Understanding the VA IRRRL Loan The VA Interest Rate Reduction Refinance Loan (IRRRL) is a specialized refinancing option exclusively for veterans, active-duty service members, and certain members of the National Guard and Reserves. Its primary purpose is to reduce the existing interest rate on a VA home loan, thereby lowering monthly mortgage payments. This loan … Read more