VA Interest Rate Reduction Refinance Loan (IRRRL) lowers your interest rate by refinancing your existing VA mortgage. Call us today at 800 315 8803 or 973 979 4100 or visit us at www.bartprequalifies.com to dicuss your VA loan scenario.

IRRRL Facts
1.We offer no appraisal for a VA IRRL on most loans
2.An IRRRL may be done with "no money out of pocket" by including all costs in the new loan or by making the new loan at an interest rate high enough to enable the lender to pay the costs.
3.When refinancing from an existing VA ARM loan to a fixed rate loan or a 30 yr to a 15 yr, the interest rate may increase.
4.You may not change exiting title unless there has been a divorce or death.
5.You may NOT receive any cash from the loan proceeds.
6.No loan other than the existing VA loan may be paid from the proceeds of an IRRRL. If you have a second mortgage, the holder must agree to subordinate that lien so that your new VA loan will be a first mortgage.
7.We ask for a limited amount of paperwork to complete this loan.
8.We can close in under 30 days in most cases.
9.The occupancy requirement for an IRRRL is different from other VA loans. For an IRRRL you need only certify that you previously occupied the home.
10.An IRRRL can only be made to refinance a property where you have already used your VA loan eligibility. It must be a VA to VA refinance, and it will reuse the entitlement you originally used.
11.Acceptable properties are single family homes, condos, modular, townhomes and manufactured homes.

Call us at 800 315 8803 7 days a week or visit us at www.bartprequalifies.com to start the application process for your VA IRRRL.