Rate of interest decrease home mortgage refinance loan When you have a current VA-backed mortgage loan and you also would you like to lower your month-to-month mortgage payments—or make your payments more stable—an rate of interest reduction refinance mortgage (IRRRL) may be best for your needs. Refinancing enables you to supercede your loan that is current with new one under different terms. Determine if you’re eligible—and how exactly to use. Am I qualified to receive an IRRRL? You might be…