What is a Cash-Out Refinance?
The VA Streamline Refinance — also known as a VA Interest Rate Reduction Refinance Loan (IRRRL) — can lower your VA mortgage’s interest rate quickly and inexpensively. With an IRRRL, it’s possible to refinance without income or bank account verification, and without an appraisal. There’s no credit score requirement either. This means you can take advantage of historically low-interest rates quickly, easily and affordably.