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FHA Streamline Refinance offers are worth exploring

FHA Streamline Refinance offers are worth exploring for more info visit at http://www.hsh.com/finance/government/fha-streamline-refinance-offers-are-worth-exploring.html

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FHA Streamline Refinance offers are worth exploring

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  1. FHA STREAMLINE REFINANCE OFFERS ARE WORTH EXPLORING SOURCE-WWW.HSH.COM

  2. BENEFITS OF AN FHA STREAMLINE REFINANCE Your home isn't subject to an appraisal. There is no income, credit score or employment verification. In essence, all you're doing is swapping in a new interest rate, resetting the loan term and applying any new mortgage insurance premium (MIP) structure.

  3. FHA STREAMLINE REFINANCE ELIGIBILITY You must already have an FHA-backed loan Your loan must be at least six months old  Your mortgage payments over the past three months were on time Be prepared to pay closing costs out of pocket--no cash out allowed The streamline refinance must reduce your mortgage payment by at least 5 percent

  4. IS AN FHA STREAMLINE REFINANCE WORTH IT? Determine your break-even point. Calculate the difference between existing and new loan payments, and divide this into your expected closing costs (check your existing HUD-1 closing statement for the best estimate).   Many lenders will do an FHA streamline refinance, but each has their own approach, so it’s best to shop around.

  5. FOR MORE ABOUT FHA AND REFINANCING VISIT HTTP://WWW.HSH.COM/REFINANCE  SOURCE HTTP://WWW.HSH.COM/FINANCE/GOVERNMENT/FHA-STREAMLINE-REFINANCE-OFFERS-ARE- WORTH- EXPLORING.HTML

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