Get Va Irrrl Comparison Worksheet

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.

1. Click ‘Get Form’ button to obtain the VA IRRRL Comparison Worksheet and open it in the editor.
2. In the 'Applicant(s)' section, enter the names of all applicants who are mortgagors on the property.
3. Fill in the 'New Case Number' field with your new loan case number.
4. Provide the 'Present Case Number' associated with your existing loan.
5. Enter the complete 'Property Address' where the refinancing will take place.
6. In the declaration section, affirm your status as mortgagors and confirm that you intend to continue residing at the property.
7. Indicate the date your existing loan closed in the corresponding field and the lender's name who facilitated that loan.
8. 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'.
9. Calculate and enter the 'Time to Recoup Closing Costs' by dividing the total closing costs by the monthly payment increase.
10. Review all entered information for accuracy before finalizing.
11. 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.