There are two VA refinance options that allow homeowners to take advantage of VA Loan benefits and get better interest rates or cash back. Through refinancing, you can renegotiate your mortgage terms to get a mortgage that is best suited to meet your current needs.
1. The VA Interest Rate Reduction Refinance (IRRRL) allows you to quickly refinance your loan to get a lower interest rate. If you want to capitalize on interest rates available today this loan may be for you
2. The Most popular: VA Cash Out Refinance