My name is IRRRL (we pronounce it "Earl" in the lending world) and it is a VA to VA Streamline Product, the last of the true streamline mortgage products.
Here is why it is such a great product and a wonderful way for me to be able to say "thank you" to our Veterans for the service that they have given our country.
§ I require NO income verification
§ NO need to verify assets
§ I don't care about credit
§ Debt to income ratios don't matter
§ Best of all, NO appraisal is needed (servicer to servicer refinance)