It used to be that if you had VA loans then you could take advantage of lower rates anytime they came about. No appraisal and most of the time no cost. This can still be done. You just have to go through the same bank you have your loan with. That being said I am not employed by Bank of America or Wells Fargo but because Homeowners Financial Group works with them as a mortgage bank I can still get those streamline refinances done without the appraisal.
Most of the time I can give a credit to cover the costs of the refinance. This ends up to be a win for you as a homeowner since there will not be principle added to your loan that you would then pay interest on for the rest of the life of that loan. In a time when rates are this low and you could literally own a home for what could be the same as a car payment it has to be worth the phone call to see how much money you can save.

For more information on VA Loans and Streamline Refinances.
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