Va IRRRL Benefit Statement

[Dan Breen]

          Hello BP!

I have been receiving letters informing me that my "VA guaranteed loan has been tagged for inclusion in our VA IRRRL program".

I called the number on one of the letters (I've received many), and the call cut out shortly after speaking with someone, so it seems a little sketchy. Has anyone ever delt with this or even heard of it?

  Thank you in advance

     Dan

[Ty Coutts]

Hello Dan Breen,

It sounds like you've received notifications about your VA guaranteed loan potentially being eligible for the VA IRRRL (Interest Rate Reduction Refinance Loan) program. The VA IRRRL is a refinancing option offered to veterans and service members with existing VA loans to lower their interest rates and reduce their monthly payments. While the VA IRRRL program itself is legitimate and beneficial for eligible borrowers, it's crucial to verify the authenticity of the communications you receive. Take steps to confirm the source independently before proceeding further.

My best piece of advice would be to contact your lender instead of relying on callbacks from letters or unknown numbers, contact your current mortgage lender or a trusted VA-approved lender directly. They can verify your eligibility for the VA IRRRL and guide you through the process without the risk of dealing with potential scams.
If you have more questions or need further assistance, feel free to ask. Good luck!