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YOUR CREDIT

The interest rate you receive depends on several factors. The first thing you must consider is your credit score. This is determined by your payment history and the amount of money you owe to lenders. Click for more.

VA IRRRL - Streamline Refinance

Have you taken advantage of the lower interest rates?
IF YOUR PRESENT FIXED RATE HOME MORTGAGE IS 1% HIGHER THAN CURRENT RATES OR MORE OR YOU HAVE AN ADJUSTABLE RATE MORTGAGE, YOU CAN SAVE $$$!

You must act quickly so you can lock in a new fixed rate while rates are low. There are no up front out of pocket fees. There are no fees for application, credit check or appraisal.

VA has an Interest Rate Reduction Refinancing Loan (IRRRL) program which allows a veteran with an outstanding VA loan to obtain a new loan at a lower interest rate by using the same entitlement he or she previously used to obtain the home. If you still own the house you bought with your VA benefits, and the VA loan has not been paid off, you will want to give careful consideration to the following:

Benefits of the VA streamline payment reduction program:

Lower your mortgage payment, saving money every month, or
Convert your ARM, that can go up 5%, to a fixed rate, locking in a low fixed rate.
Pay off your mortgage early saving $10,000 or more in interest.
Skip next month's mortgage payment.
No upfront money
No credit report
No appraisal-equity
No income verifications
No qualifying debt ratios .
Easy over-the-phone application.
Receive cash from escrow refund held by your current lender.

Rate One Mortgage is a VA lender. The VA does not require any credit underwriting or a property appraisal. You may have missed the last chance you had to lock in a low fixed rate. If so apply online or call now, before the rates go any higher!

VA Streamline Refinance

It is possible under this program to have closing costs, escrows, and up to two mortgage payments financed.

As a veteran, you can save two months of mortgage payments and receive a cash escrow refund from the current lender under our VA streamline refinance.

What are the benefits?

Under this program there is:

No upfront money
No credit report
No appraisal-equity
No income verifications
No qualifying debt ratios

Even if you have had previous late payments, you may still qualify for this program.

The program is excellent for ARM VA loans to be converted into a fixed rate mortgage loans. To start your VA streamline refinance, apply online. Please contact us for further details.

Fill out the preliminary online application!

Find out more about Rate One Mortgage
at info@rate1mortgage.com or call 901-259-2484.

(Toll Free 866-307-0420)