VA IRRRL = The refinance most veterans don't know exists. IRRRL stands for: Interest Rate Reduction Refinance Loan It's a streamlined refinance specifically for veterans who already have a VA loan and want to lower their rate. Why it's better than regular refinancing: ✓ No appraisal required (saves time and money) ✓ Minimal documentation needed ✓ No income verification in most cases (even if you changed jobs) ✓ Faster process than traditional refinance ✓ Lower closing costs ✓ Can roll closing co