The pros and cons of a VA IRRRL

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When it comes to refinancing your home, VA IRRRLs (which are also called VA streamline refinances), are an incredible benefit. In fact, they have so many pros that it's sometimes hard to find any cons.
However, it is true that IRRRLs are not always right for every homeowner looking to refinance. In order to help you make the decision if it's right for YOU, we've put together this quick list of pros and cons for VA IRRRLs. This way, you'll be able to accurately weigh both sides for your situation.
Some of the benefits we'll cover in this video include how quickly IRRRLs can close, not normally needing proof of employment or income, getting a lower rate, and more! On the other side of the coin, we only have a few cons (if they can really be called that) to discuss. To see what we mean, make sure to watch the video until the end!
To check out our video of how to win free LVR swag, click here: • How can I get RED Frid...
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This video is not intended for residents or homeowners in the states of WA, NY or MA.
Low VA Rates NMLS# 1109426 Archived video notice: This video is not current and may contain content that, while accurate when recorded, may not reflect current market conditions. As is customary on the TH-cam platform, older videos remain in our account for transparency and statistical purposes, and we do not necessarily have control over which older archived videos TH-cam’s algorithm may suggest for you. For that reason, please always check the date of a video to ensure that it is dated recently before relying on its contents. The mortgage market is very dynamic and laws, regulations, rates, and programs are always changing. If we have a more up-to-date video on the same subject, you should be able to sort our videos by date uploaded on our main channel landing page: / lowvarates . This video is not applicable to borrowers in the State of Washington.
This video is not intended for residents or homeowners in the states of NY or MA.