Join us LIVE TONIGHT @ 7 pm CT as we dive into the ins and outs of the VA Interest Rate Reduction Refinance Loan (IRRRL) program! Whether you're a current VA loan holder looking to lower your interest rate or simply exploring your refinancing options, this session is designed to provide you with valuable insights and practical tips on using the VA IRRRL the right way.
In this live session, we will cover:
-What the VA IRRRL program is and how it works
-Eligibility requirements and benefits
-Step-by-step guide to the application process
-Common mistakes to avoid
Why join us live?
-Get your questions answered in real-time by our VETTED VA expert Loan Officers and Realtors
-Gain a deeper understanding of the VA IRRRL process
-Learn how to make informed decisions that can save you money
-Don't miss out on this opportunity to learn how to take full advantage of the VA IRRRL program.
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See you there!
00:00 Introduction
02:21 What is an IRRRL
03:35 Eligibility Requirements
04:22 Timeline
06:19 Advising Clients on the Benefit for them
09:14 You can use the IRRRL on a rental property
12:58 Are you going to see the benefit?
13:55 How to Calculate benefits
18:44 Timeline to recoup costs
21:20 Credit Score Requirements
26:20 Costs compared to a purchase
43:15 DON'T USE YOUR MORTGAGE PAYMENT
49:30 Don't quit your job during the process
51:51 Can you transfer any of the escrows from the current loan to the new IRRRL?
