Veterans get solicited with mortgage refinancing offers quite a bit. Offers known as Interest Rate Reduction Refinancing Loan (“IRRRL”). Lenders like to make these loans for various reasons, one being minimal underwriting requirements. Veterans should scrutinize these advertisements to make sure the terms offered are true.
Recently The Consumer Financial Protection Bureau issued a consent order against a lender as a result of their deceptive practices. You can read the article here: https://bit.ly/33k4t7k
If you’re a veteran and you’d like to verify a mortgage quote or discuss your options contact Counsel Mortgage Group, LLC. We have several qualified loan originators who specialize in helping veterans.
We offer a variety of products and services, ask us how we can assist you today:
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