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VA refi

VA Refinance Loan Basics

If you are eligible for a VA mortgage, you also have the option to use a VA loan to refinance a VA or non-VA mortgage depending on the type of loan you currently have. There are two basic types of VA mortgage, the VA Cash-Out Refinance Loan and the VA Interest Rate Reduction Refinance Loan also known as a VA IRRRL. Both of these loans are for specific purposes, but only one features cash back to the borrower at closing time. Learn more.