In today’s economy, fluctuating credit scores and difficulty saving money can make a home refinance seem like nothing more than a pipedream. But in reality, if you are someone who is just getting by making your mortgage payments or trying to get your credit score back on track, you can still have an opportunity to refinance your loan at a lower rate.
How you ask? With the VA’s Streamline Refinance program! Also known as an Interest Rate Reduction Refinancing Loan (IRRRL), this loan can be done with zero out-of-pocket cost to you. Instead of paying up front, these costs are rolled into the new loan and a part of your monthly payment.
Another plus of a VA Streamline is that the VA does not require an appraisal or income verification. As long as you have made your last 6 payments on time you can be eligible for this loan program!
If you’re looking to save some money and lower your interest rate with little to no out-of-pocket costs, then let MonsterLoans help you today!
MonsterLoans is a privately-owned mortgage lender based out of Irvine, CA. Founded in 2003, MonsterLoans is the premier national mortgage lender specializing in VA, FHA, Harp, Fixed, ARM and Jumbo loans. With all services centralized under one roof, MonsterLoans is able to provide precise and specialized attention to every client, ensuring the best loan possible for each specific situation. At MonsterLoans, we depend on your loyalty and satisfaction, and our mission is to never let you down. For more information, please visit http://www.MonsterLoans.com