VA Loans - Free (Future) Interest Rate Reduction?
Channel: Jessica Moir, Realtor | Fredericksburg Virginia
Date: 2022-09-30

Hi everyone! In this video, We will talk about VA loans and how the interest rate on them may go down in the future. It's something that a lot of people are talking about and I wanted to get your thoughts on it. With all of this talk about rate increases and "dating the rate" - let's dive into what that actually means! We'll be focusing this conversation on the IRRL, which is a specific benefit to homeowners who are financed through a VA loan.

However, it's important to remember that nothing is set in stone yet and there's no guarantee that the interest rate on VA loans will actually go down. It's something that is being discussed and looked into, but until anything concrete happens, it's best to not get your hopes up too much.

Join me with special guest Tanner Mulvihill of Bayfield Home Loans for more information on this program!

If you have any questions, tips, or ideas about Real Estate? Let us know in the comments section below! 

About Us: Jessica Moir from Heart & Home Group is a realtor dedicated to helping families find new homes. 

Learn more about Heart & Home Group at https://hearthomegroup.com/

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0:00 Introduction
3:48 Interest Rate Reduction Loan
5:05 Fees May or May not be involved
6:20 Refinancing
8:40 Limit on IRRL Refinancing
11:39 Percentage Change in the Interest Rate
18:25 Wrap Up