Streamline Refinance

There are, however, some requirements for this type of refinance. You must be current on your monthly payments, and must have had your existing mortgage for at least 210 days. Late payments can count against you, but exceptions can be made in some cases. There must also be a Net Tangible Benefit; the FHA requires that the refinance results in a lower interest rate that offers the borrower a benefit of more than a set, minimum amount. The criteria for the Net Tangible Benefit varies according to the type of loan you currently have, what type of loan you’re refinancing to, and the length of the term current and new terms.

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FHA.com Reviews
FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier. Take a look at some of the reviews from other FHA.com visitors!