IRRRL Recoup Check checklist
Questions to ask a lender
Rule check
Ask the lender to show how the loan meets each test, in writing. This is not a government website.
Last reviewed against the primary sources listed below.
Tests
- How long will it take to recoup costs?
- Does the loan meet the seasoning rule?
Costs
- What are the total costs, and is the funding fee financed?
Comparing
- What is the new payment and term?
How to use the answers
Enter the answers in the recoupment calculator.