Streamline Your FHA Mortgage!
FHA has permitted streamline refinances on insured mortgages since the early 1980's. The "streamline" refers to the amount of documentation and underwriting that needs to be performed by the lender which is rather minimal.
The rules for qualifying for this rate and term refinance are as follows:
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The mortgage to be refinanced must already be FHA insured.
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The mortgage to be refinanced should be current (not delinquent).
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The refinance is to result in a lowering of the borrower's monthly principal and interest payments.
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No cash may be taken out on mortgages refinanced using the streamline refinance process.
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Benefits of streamlining your FHA Mortgage:
*Please note we do not currently offer FHA Products |
