The fees that FHA charges its borrowers are different depending on the type of refinance loan. The fees for FHA streamline loans used to be significantly less expensive than cash-out or rate-term refinances. With recent changes, that is no longer the case and the fees are often comparable. FHA refinance mortgage programs contain two different kinds of mortgage insurance paid on each loan. Read More
You already own a home, so you’re probably somewhat familiar with the mortgage process. If you’ve never refinanced through FHA you might think that it’s more complicated because you’re involved with a government agency. Read More
With interest rates at current lows, now’s the perfect time to wipe away your high interest debt for a clean start or pay for other expenses such as medical debt, home improvement, student loans or any other major expenses that you need paid. Examples of high interest debt that can be paid: Read More
The FHA Short Refinance was devised as a mortgage lifeline to over half a million borrowers left underwater by the 2008 housing crisis. Read More
If you want to reduce the payment on your current FHA mortgage, even if your home is now worth less than you owe on it, the FHA Streamline Refinance could be just right for you. Remarkably, the FHA Streamline Refinance program requires no credit check, no employment or income verification and in most cases no appraisal of the property. Read More
