VA IRRRL - The Fast and Easy Way To Lower Your Payment
The VA streamline refinance program, also known as the VA IRRRL (Interest Rate Reduction Refinance Loan), is a fantastic refinance opportunity which can be used to lower the rate and payment on your current VA Loan.
In many cases, we can help you with lower closing costs! The VA streamline refinance allows you to convert your existing VA Loan into a lower rate and payment. The VA IRRRL is also termed a streamline refinance, because the process is so easy and fast.
The first step to determining your eligibility is to talk to a VA Loan specialist about your options and the money you could save. You can also find out more about your Veteran benefits through the VA Office.
It is important to determine that the refinance makes financial sense. Team Rebecca can help you determine the savings. In most cases it does make sense, because of the fact that we can do your refinance with lower closing costs; therefore, you will have a benefit from day one.
Qualification standards are not difficult. There is a minimum credit score of 620 and you will get a better rate if you are above 640. It is also required to be 2 years out of a bankruptcy. Although VA guidelines also state that you will not need an appraisal, in certain cases one will be needed.
The VA funding fee is low, only .5% of your loan amount (i.e. on a $200,000 loan the funding fee would be $1000), in most cases it is financed into the new loan, meaning you will not have to bring anything to closing.
You can find out what your rate and payment will be by giving us a call in the office at 720-598-0506
One of the first steps to getting started is to fill out a loan application and have your credit checked. Our philosophy is to give you honest advice and straightforward answers to your questions. We would be honored to help you, and your service to our country means the world to us! Your trusted Colorado mortgage lender.
We had a great experience with AMG overall. Because of some outside circumstances they were more than willing to go the extra mile in making sure that funding went without a hitch. Communications were always prompt and the online document signing was easy and straightforward.
I never plan to move again but if I did I wouldn't hesitate to go back to Mr Beattie.
Yes! We would definitely use this team again any time. The entire team was extremely helpful in every aspect an step. Jeff and his team was always available to answer any questions. Checking and double checking our documents and crunching numbers within record times during the actual looking stages of a home to find the right one. This team didn't stop till we signed our closing documents. Loved them!
We couldn't have done it without Jeff, Anne, and Brenda. They stayed on top of everything throughout the whole process. We'd definitely recommend them!
Absolutely loved working with Jeff and Anne. They are so knowledgeable and personable. They are available on evenings and weekends to answer all questions. My realtor was horrible and they pretty much assumed the role of realtor and mortgage broker. I have referred them to friends and will continue to do so. Amazing experience!
Jeff Beattie and the entire Alliance Mortgage Group team were professional and responsive throughout the refi process. Special circumstances required increased attention to detail which they managed competently and built my confidence in their team. They will get my exclusive referral for anyone looking for a business with a professional and personal approach when needing to refinance.
The team at AMG were so helpful and knowledgeable about everything we needed to make sure this refinance went smooth! Jeff and his team were there every step of the way to ensuring all my questions were answered and I was completely comfortable with the process. I wouldn't use anyone else to handle or mortgage needs.
We were purchasing a second home in the mountains and had a couple complications with the seller which turned a routine process into a difficult one. Jeff was there every step of the way with us. He and his team were so helpful and knowledgeable about everything we needed to make sure the deal went through! They also were very easy for our real estate agent to work with as well. They provided the documentation needed quickly and were extremely thorough to make sure we hit our deadlines. Without AMG Lending and their hard work our deal would not have happened. We thank Jeff and his team for going above and beyond. We wouldn't use anyone else to handle or mortgage needs and refer everyone we know looking to buy a home or refinancing.
Jeff and his team were completely amazing! I came in needing funds, and Jeff was able to assist with my difficult situation with apparent ease. I absolutely cannot recommend him and his team enough. They were extremely friendly, kind, and efficient. Thank you!!
My husband and I used Jeff Beattie for our refinance. We have refinanced previously and I have never seen such professional and comprehensive service. He explained the process completely from the start and kept us advised as to each step in a timely manner. Whenever we had questions, he promptly responded and made sure we understood all of the details involved and explained in fully comprehensive and comprehensible manner. The refinance was completed in a reasonable time frame and he was most courteous and knowledgeable. I would not hesitate to recommend Jeff.
What an amazing group of folks. So knowledgeable, professional, awesome customer service, prompt follow up, getting the best in all services, friendly...they were top notch all the way around
Every point of buying our home went so smoothly, without a hitch! Thank you so much for helping us buy our dream home! We would recommend Jeff to anyone!