Thinking of refinancing? You’re not alone, many people are looking to refinance with an FHA Streamline Refinance Program and they all have similar questions. There has never been a better time to utilize the benefits of an Arizona FHA Streamline Refinance program. You can benefit from; Lower Interest Rates Lower Mortgage Insurance Lower Monthly Mortgage Insurance Premiums Everyone … [Read more...]
FHA Refinance Streamline: More Information
One of the things that we have been playing with is setting up individual micro-sites that will expand out information about a loan program. One of our recent efforts about the FHA refinance streamline program seems to be getting some traction and people are finding it useful. How many micro-sites are needed for individual loan programs? I don't know for sure, but we build them so that there is … [Read more...]
FHA Streamline Refinance: When Can You Lock Your FHA Streamline Rate?
Many people are taking advantage of the FHA streamline refinance program because interest rates are significantly lower than they were when they took out their FHA loan. When doing an FHA streamline refinance, when can you lock your loan? Each lender is different, but generally speaking, you must have completed an application and provided the required documentation that you can indeed … [Read more...]
FHA Streamline Program: 3 Questions To Ask Your Loan Officer About UFMIP
It is surprising how many people I speak with who have talked to other loan officers about an FHA streamline refinance who have not gotten all of the information they need to make an educated decision. On occasion, I run into people who have gotten actual mis-information from a loan officer, but most often, I find that they loan officer just didn't know - or if they did know, they weren't … [Read more...]
The FHA Streamline Program: Skip A Payment?
I was speaking with someone today about the FHA streamline program and they asked me the following question: "When I go through the streamline program, do I get to skip a payment?" To which I replied: "Technically, you are allowed to defer a payment when you participate in the FHA streamline program, but we officially can't call it a skipped payment". What is the difference between a … [Read more...]
Arizona FHA Streamline Program: 3 Basic Criteria to Qualify
Arizona FHA Streamline: Who Qualifies? The FHA streamline is more popular today than it was a few years ago because of the number of people who currently have an FHA mortgage is higher than it has been in recent years. And if you are currently in an FHA loan, often times your best financial move when rates drop is to participate in the FHA streamline program. Can anyone participate in the … [Read more...]
FHA Streamline Rules
With the recent drop in rates, more people are starting to ask us about refinancing options within the FHA program. A couple of the recent questions that we received about the FHA streamline program: Question: Earlier this year, I got into the FHA program with an FHA Secure loan. Can I do an FHA streamline refinance? Answer: No. FHA Secure loans are not eligible for the streamline … [Read more...]
FHA Streamline Refinancing: When Does It Make Sense?
Today it was announced by the Mortgage Bankers Association that approximately 1 in 3 mortgage applications today are seeking FHA or VA loans. The trend of more and more people getting an FHA loan has been going on for quite some time, and as mortgage guidelines continue to tighten the FHA and VA mortgage programs are as popular as they have ever been. With so many people getting FHA loans … [Read more...]