Specialized In Jumbo Loans, Investor Loans, DSCR Loans, Non-QM Financing, Commercial Mortgages, and Tax-Informed Lending Strategies
Published By
David Ghazaryan
Owner / Broker / Banker
Contact Me At
(702) 766-3744
NMLS 1486726
A VA IRRRL, also known as a streamline refinance, is designed to lower your interest rate and monthly payment through a simplified process that typically requires less paperwork and no appraisal.
Be aware that offers advertised as 'no-cost' usually work by either adding the closing costs to your new loan balance or by offering a slightly higher interest rate in exchange for lender credits.
It is essential to calculate your break-even point to confirm that the refinance will save you money in the long run, especially if you plan on selling the home in the near future.
Read the full blog article here: https://www.iqratemortgages.com/blog/florida-va-irrrl-a-good-deal-or-a-costly-gimmick
"No-cost" VA loans sound amazing, but the costs are hidden. I'm David Ghazaryan. I find exactly where the costs are hidden. We use simple math to see when you start really saving. If savings don't cover costs in three years, the loan's bad. Your current lender might not offer you the lowest cost. My platforms, site, and article links are in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/florida-va-irrrl-a-good-deal-or-a-costly-gimmick
