Low VA Home Loan Mortgage Rates in Albuquerque, NM
Veterans Administration (VA) home loans offer low mortgage rates to veterans and active duty members of the armed forces. If you are a service member or veteran, Infiniti Mortgage, LLC can help you find the best rate for your mortgage or mortgage refinance.
Lowering Your Interest Rate with a Refinance
Refinancing your VA home loan with the Interest Rate Reduction Refinance Loan (IRRRL) program, also known as a VA streamline, is another way to lower your mortgage rate. Your monthly payment should decrease with a lower rate.
An IRRRL:
- Lowers the interest of your existing VA home loan
- Can refinance an adjustable rate mortgage (ARM) into a fixed-rate mortgage
- May be done with “no money out of pocket” (in most cases)
- No appraisal or credit is required (in most cases)
With an IRRRL, you may not receive cash from loan proceeds and the interest rate may increase if you refinance to a fixed-rate loan.
Contact Infiniti Mortgage, LLC Today to Speak with a Licensed Loan Officer
Contact us today to speak with an experienced and licensed loan offer at Infiniti Mortgage, LLC. We can help you determine whether a VA home loan or home loan refinance is right for you during your initial face-to-face consultation.