VA-Veterans Administration are great loans to refinance. The VA IRRL is a loan where no income or appraisal is required and is an interest rate reduction loan only where no cash out is allowed. VA also allows cash out, however varying rules apply and a benefit to the borrower has to be approved by the VA.

FHA- Federal Housing Association are also great loans to refinance. As with VA, FHA does not require an appraisal nor does it require income verification; this mortgage is typically referred to as a Streamline Refinance. With this mortgage no cash out is allowed. FHA does allow cash out but different qualifying criteria is then required.

Your loan professional at Integrated Lending Group can guide you on the best loan product for your situation.