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Get Va Irrrl Comparison Worksheet
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How to fill out the VA IRRRL Comparison Worksheet online
The VA IRRRL Comparison Worksheet is a vital tool for borrowers looking to refinance their existing loans with a new loan at current interest rates. This guide provides clear, step-by-step instructions on how to fill out the worksheet online effectively and accurately.
Follow the steps to complete the VA IRRRL Comparison Worksheet online.
- Click ‘Get Form’ button to obtain the VA IRRRL Comparison Worksheet and open it in the editor.
- In the 'Applicant(s)' section, enter the names of all applicants who are mortgagors on the property.
- Fill in the 'New Case Number' field with your new loan case number.
- Provide the 'Present Case Number' associated with your existing loan.
- Enter the complete 'Property Address' where the refinancing will take place.
- In the declaration section, affirm your status as mortgagors and confirm that you intend to continue residing at the property.
- Indicate the date your existing loan closed in the corresponding field and the lender's name who facilitated that loan.
- In the comparison table, input figures for both your existing loan and the proposed new loan under headings such as 'Loan Amount', 'Interest Rate', 'Term', and 'Monthly Principal & Interest'.
- Calculate and enter the 'Time to Recoup Closing Costs' by dividing the total closing costs by the monthly payment increase.
- Review all entered information for accuracy before finalizing.
- Once completed, you can save changes, download, print, or share the VA IRRRL Comparison Worksheet.
Complete your VA IRRRL Comparison Worksheet online today for a streamlined mortgage refinancing process.
If your military service makes you eligible for a loan backed by the U.S. Department of Veterans Affairs (VA), you might save thousands of dollars if you also qualify for a VA funding fee exemption. This exemption is exclusively for VA homebuyers with a service-related disability.
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