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 Streamline Refinance: Getting Tougher To Do
Recently it was announced that changes were coming to the FHA streamline program -- and the changes that were announced won't make it any easier to get an FHA streamline done. According to the official announcement from HUD, the FHA streamline qualifying rules will change effective November 17, 2009. Prior to the announcement, the FHA streamline refinance was popular with FHA borrowers … [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...]
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...]
The FHA Streamline Refinance: 5 Things To Know
Interest rates have fallen over the last week - to the point where if you are currently in an FHA loan, it probably makes sense to call your mortgage professional about the FHA streamline refinancing options. The FHA streamline program has been around since the early 1980's and is designed for people who currently have an FHA loan to lower their interest rate without having to completely … [Read more...]
Arizona FHA Mortgage Refinance Options: Which Ones Are Real?
FHA Hope for Homeowners, FHA Secure, FHA Streamline, FHA 95% Cash-out, FHA 203k Streamline, FHA Short Refinance... these are all "real" options for people who are currently in an FHA loan and looking for FHA refinancing options. Supposedly. Some are more real than others. Let's start with the "most real" FHA refinance programs and identify who can benefit from them. FHA Streamline … [Read more...]