What are the pros and cons of a VA IRRRL? VA streamline loans have a lot of benefits, but they’re not perfect. If you’re considering one, make sure to weigh both the pros and cons before ...

Assuming a VA Loan might become an attractive option in the near future for both military home buyers and sellers. Before diving into the pros and cons of assuming VA loan, here’s a quick ...

It doesn’t require a home appraisal (unlike most refis). Plus, the funding fee on a VA IRRRL is relatively small: just 0.5 percent of the loan amount. VA loans are assumable, meaning that if you ...

Also known as a VA streamline refinance, an interest rate reduction refinance loan (IRRRL) is a type of refinance exclusively for VA loans that can lower your monthly mortgage payments.

However, there are specific restrictions regarding when and how VA loans can be refinanced. For instance, an Interest Rate Reduction Refinance Loan (IRRRL ... to look at the pros and cons ...

Many VA borrowers know that the VA home loan doesn’t require a down payment. Indeed, the U.S. Department of Veterans Affairs, which guarantees this type of mortgage, is practically famous for ...

With a VA cash-out refinance option, you can finance up to 90 percent of the value of your home. Alternatively, you could opt for an Interest Rate Reduction Refinance Loan (IRRRL) that doesn’t ...

That said, VA loans are not without potential drawbacks to consider when deciding if they’re a viable option for funding needs. Before diving into the pros and cons of these loan products ...

Please view our full advertiser disclosure policy. Drazen Zigic, Getty Images Mortgages backed by the Department of Veterans Affairs (VA) can be easier to qualify for compared to conventional loans.