Wisconsin Florida VA Refinance Information: VA to VA Streamline Refinance IRRRL
Posted by Madison Mortgage on May 3rd, 2010
If you are a Veteran, with an existing Wisconsin or Florida VA Guaranteed Mortgage, you are entitled to an additional benefit from The Department of Veteran Affairs when it comes to refinancing your VA mortgage.
This program is called a VA Interest Rate Reduction Refinance Loan or IRRRL (VA Refinance). Under this program, you can refinance your existing VA mortgage loan without having to re-qualify or have a new appraisal done. In fact, the full credit report is replaced by a mortgage only credit report or a payment history from your lender for qualification purposes. This report shows only your mortgage payment history and none of your other credit or credit scores.
The main eligibility for this program is the new VA mortgage must have the purpose of lowering the current interest rate, shortening the loan term of the current mortgage or converting from an ARM to a fixed rate loan.
When choosing someone to help you refinance your VA Mortgage, It makes sense that you choose a mortgage firm that has the Veteran’s best interest as its primary goal. You have found that with us.
We have been originating mortgage loans for fifteen years and are licensed to do business in Wisconsin, Illinois and Florida including major cities such as Appleton, Waukesha, Milwaukee, Sun Prairie and Madison.
We have always believed that the best service we can offer our customers is to educate them to the process and then to offer them the most beneficial program available. Even if you are currently working with another mortgage company in a loan process, we would be glad to evaluate their offer and give you a comparison of what we can do.
Additional Wisconsin and Florida VA Mortgage and VA Refinance information can be found on our website www.madisonmortgageguys.com
Your local Wisconsin, Illinois, Minnesota and Florida VA mortgage banker:
Toll Free: (877) 240-5810
mortgage.guru@madisonmortgageguys.com
http://www.MadisonMortgageguys.com
Visit my blog at http://www.madisonmortgageguys.com/blogs-mortgage-guru/
VA eligibility information can be found here: http://www.madisonmortgageguys.com/va_elig.htm
To View the VA Benefits Act of 2004 visit http://www.madisonmortgageguys.com/announcements/va_benefits.htm
View the Veterans’ Benefits Improvement Act of 2008
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