VA Streamline (IRRRL) RefiWe are looking to possibly refinance our current VA home loan to bring down our monthly payment. Our home was appraised at $160,000 when we bought it three years ago. We currently owe $148,000 and our APR is 5.75%. Our current lender is BofA so we went to them first to find out their rates. They said we qualified for a VA streamlune refi and the rate they gave us on 11/4 was 4.125%. They said we would have to pay 1/2 a point ($740) plus title and escrow (they estimated $1,000). This refi would drop our P&I by $184 a month. Does it make sense for us to refi? Is this a good deal through BofA or should we be looking for a lower rate with no points?November 05 2011 - Olivehurst00YesReport 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.