VA Interest Rate Reduction Refinancing Loan (IRRRL)
VA Interest Rate Reduction Refinancing Loan (IRRRL) POLICY GUIDELINE . LOAN PURPOSE The principle and interest payment (P&I) on the IRRRL must be less than the principle and interest ... borrower will recoup the cost within 36 months. REV-4/2017. 2 ; ... Refer to the attached IRRRL Worksheet (VA Form 26 -8923) to determine the loan amount. ... ................
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