The document discusses the VA IRRRL (Interest Rate Reduction Refinance Loan) offered by Oceanside Mortgage Company. The VA IRRRL allows veteran homeowners with a current VA loan to refinance and lower their interest rate without an appraisal, potentially saving hundreds on their monthly payment. Oceanside can pay closing costs and has an easy approval process. Veterans who have made on-time payments in the past 30 days likely qualify for the IRRRL to take advantage of lower rates.