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switching from hybrid Arm loan to VA IRRRL

I need to lower my monthly payments . I currently have a hybrid loan on a 3 year % HOLD. Since its about to go up and I am disabled, on fixed income (and a senior) would an Irrrl loan help lower my payments? I live in Maryland.
  • September 28 2012 - Fallston
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Answers (4)

Hello, you can only do a VA IRRRL if you currently have a VA loan. If you do have a VA Loan, then we can do VA IRRRL without appraisal down to 580 credit score. If you don't have a VA Loan currently, we can do a VA 100% CASH OUT refinance to get you into a VA loan. Best of luck!
  • June 24 2013
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  • May 26 2013
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Depends highly on what your interest rate is currently, are you considering moving into a fixed VA loan?  The fact that you are disabled with the VA will make it pretty easy to do an IRRL for very little cost.
  • September 28 2012
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An IRRRL can only be used if your current loan is a VA loan, is it?
  • September 28 2012
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