There are a couple of programs that could help VA borrowers refinance to a lower interest rate:

- VA streamline refinance or some times referred to as the (Interest Rate Reduction Refinance Loan) (IRRRL).

- The VA Cash Out Refinance.

The "streamline refinance" allows veterans with a current VA Loan to refinance to a lower interest rate, reducing their monthly mortgage payments. Streamline refinance loans have a minimum of paperwork and often have little or no out of pocket costs . Many borrowers choose to roll their closing costs into their loan amount. It is also possible that a streamline refinance can be done without an appraisal.

With interest rates being at all time lows it makes now a wonderful time for qualified borrowers to take advantage of a VA refinance.

You may choose to start the loan process on our secure website at www.gobestloan.com and please choose me as your Loan Consultant and I will contact you as soon as I receive your loan application.