Are you paying on a VA mortgage right now? If so, you might be wondering whether it is possible for you to refinance a VA loan to take advantage of lower interest rates. The answer to that question is yes. In fact, you can apply for a specific type of refinance called a VA Interest Rate Reduction Refinance Loan (IRRRL).
An IRRRL is simply the type of loan you apply for when you want to refinance one VA loan to another.
For this reason, IRRRLs sometimes are referred to as “VA to VA” loans. They may also be referred to as streamlined refinances.
Here are the basic eligibility criteria for qualifying for an IRRRL:
If you are ready to quickly and easily refinance your existing VA mortgage into a new VA loan with the same great benefits and a lower interest rate, Blue Square Mortgage can rapidly move you through the process. We are also here to answer any questions you might have about IRRRLs. To schedule your consultation, please give us a call today at (206) 352-6453.
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Blue Square Mortgage is located on 4212 33rd Ave W, Seattle. From Seattle-Tacoma International Airport (SEA) head southeast on Airport Expressway toward Departures Dr and use the left lane to keep left. Then keep left and slight left onto Airport Expressway. Keep left at the fork, follow signs for WA-509/WA-518 W and merge onto WA-518 W. Next, merge onto WA-518 W and take the exit onto WA-509 N toward Seattle. WA-509 N turns slightly left and becomes Hwy 99 N/E Marginal Way S. After that continue straight onto Aurora Ave and turn right onto Halladay St. At this point turn right onto 6th Ave N and turn left onto Dexter Ave N. Head straight for 0.5mi and turn left onto Nickerson St. Then continue straight to stay on Nickerson St and continue straight onto W Nickerson St. Finally, turn left onto W Emerson St and turn right onto Gilman Ave W. Continue onto W Government Way, turn left onto 33rd Ave W and Blue Square Mortgage will be on your left.
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Blue Square Mortgage is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.