Education
The 210-day seasoning rule
Before you can use an IRRRL, your current loan has to be 'seasoned.' Two conditions must BOTH be met.
First: at least 210 days must pass between the first payment due date on your current loan and the note date of the new one.
Second: you must have made at least six consecutive monthly payments on the current loan.
This rule exists because of past abuses where veterans were pushed to refinance over and over, paying fees each time. The seasoning requirement is a guardrail on your behalf — if the calculator tells you you're too early, that's the rule doing its job.
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