Question about VA IRRRL

945 Views | 0 Replies | Last: 12 yr ago by TowGun93
ag01insa
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8:31a, 12/7/11
AG
We purchased a home in May and I received some mail about a VA IRRRL or "VA to VA" refinancing. I've done some quick research, and it seems like the only negative is the VA funding fee. Anyone use this before? Any advice? Thanks.
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TowGun93
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3:41p, 1/5/12
AG
I have used it twice. The fee (though only 0.5%) is one thing, but you still have to pay allowable VA closing costs which can add up. If the rate you receive is good enough, it's certainly worth pursuing. You'll have to calculate how long it takes you to recoup the fees and get comfortable with it.

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