<prompt> Human: My wife and I purchased our first home in September of 2014. We paid about 170k, with a VA Home Loan. No cash down. Great credit, great rate, payments are perfectly manageable.Now our mortgage company is offering to refinance our mortgage, just months after closing on the deal. I know theres a lot of scams so I checked to make sure theyre the real deal by calling my mortgage company from the number on our contract. Its them.Theyre offering to lower my rate, which will lower my payment, and I wont have to pay my mortgage for a month theyll tack it on with an extra month at the end. If I WANT to just keep paying my mortgage on the regular schedule without skipping a month, no problem. Make my payment and nothing will be tacked on at the end.There are normally fees involved in doing this, but they say those fees are waived by the VA Home Loan.I asked what the catch is...they claim no catch. Theyll just charge me less money, even though I signed a contract saying Ill pay more money.That by itself is strange. But theyre acting like telemarketers...calling me every couple days, urging me to sign immediately...giving me arbitrary deadlines It has to be signed today! Okay...it has to be signed this week! Okay...do you think youll be able to get it back to us within the next sixty days?Im a skeptic by nature, and the too good to be true plus the hard sell tactics plus the arbitrary deadlines are setting off all my red flags...but I cant find the catch. Any thoughts?EDIT: After running all the numbers and confirming with the mortgage company...Monthly savings: 18 dollars per month. PFFFT.Lifetime savings 29 years, 5 months: 11,510. Hmmm...Or...if I take the new deal but keep paying that extra 18 dollars a month instead of blowing it on sodapop and records, I can pay off my mortgage 17 months sooner. Thats VERY appealing...  <response>: VA loans are eligible for whats called an interest rate reduction loan program, basically the easiest refinance program out there. No appraisal, limited documentation, and therefore quick to close for example, Im closing one in under ten days, and it would have been sooner if the title company werent so slow.The reason they can offer it is because rates have dropped. The reason they want to lower your interest rate is because they dont make the bulk of their money via interest, they make it through the profit they make each time they originate and sell a new loan.Source: work as a loan officer 