An FHA Streamline Refinance could save you time and money, but not all FHA loan holders should consider this as a way to refinance their mortgages. Learn who this is best for.
FHA streamline refinances are for FHA borrowers looking for a faster way to refinance their mortgage with reduced documentation. Learn more here.
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The federal government insures FHA loans, which are issued by private lenders, such as banks. FHA borrowers must pay two types of mortgage insurance premiums (MIPs)—one upfront and the...
The Streamline Refinance program allows FHA- approved lenders to refinance current FHA-insured loans to a lower interest rate or to a different type of mortgage (fixed- or adjustable-rate...
The FHA streamline refinance program makes it easier and cheaper for FHA loan borrowers to get a lower rate.
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Written By: Stacey Sprain Next Monday, June 11th marks the first day of FHA’s significant MIP/MI rate decrease for certain FHA streamline refinance transactions. The following FAQs are presented in...
Written By: Stacey Sprain With FHA announcing streamline refinance opportunities with record low MIP for borrowers whose current FHA loan was endorsed prior to June 1, 2009, we can expect to see a...
If you have a mortgage loan backed by the Federal Housing Administration (FHA), you may be wondering if this is a good time to refinance . If interest rates are low, you could reduce your monthly payments, or you may be able to take cash out for expenses like home renovations or to pay down higher-interest debt. There are positive and negative things to consider when refinancing your mortgage. You need to consider the benefits and make sure you qualify under FHA1 refinancing requirements. Tally up your total mortgage payment with principal and ...