VA IRRRL?? Can I do it and should I??I have been looking into doing a VA IRRRL loan. We currently have been in our home 2 yrs and have a 4.875% rate. We owe $141,889.19 on the home, with a payment of $1020.85. I would like to reduce the payment amount considerably if possible, but I am not sure this is the way to go. We also have a home equity loan on the house in the amount of $20k which I understand we cannot roll into this refinance?? Advise needed please!!January 02 2013 - Clarksville00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.