Tag Archive for 'fha-refinance'
Wednesday, March 10th, 2010
Federal Housing Administration (FHA) home loans are a great option for many homebuyers and homeowners looking to purchase or refinance. FHA home loans are specifically useful to borrowers who cannot make a big down payment, who want low monthly payments, whose credit is not great and qualifying for a conventional loan is difficult for them.
Congress [...]
If you already have an FHA loan and interest rates have fallen, or you have an adjustable-rate FHA mortgage and would like a fixed-rate mortgage, you may be eligible for an FHA Streamlined Refinance.
What is the Streamlined Refinance?
The FHA has permitted streamlined refinance loans since the 1980s. A streamlined refinance is the same as a [...]