The main purpose of the Refinancing Relief for Veterans Act is to modify the fees associated with interest rate reduction refinancing loans that are guaranteed, insured, or made by the Secretary of Veterans Affairs. This legislation aims to make it more affordable for veterans to refinance their home loans, thereby potentially reducing their monthly payments and overall financial burden. Key provisions of the Act include a revised fee structure for interest rate reduction refinancing loans. The existing fee table is updated to specify different fee rates based on when the loan is closed.