Fha streamline refinancing

By | Oct 15, 2014

Another big plus is that FHA mortgage rates are the same in the FHA Streamline Refinance as with a “regular” FHA loans. There’s no penalty for being underwater, or for having very little equity.  All this will help American Homeowners refinance and take advantage of lower mortgage rates thus leading to lower default rates for loans already held by the FHA.

An FHA Streamline almost sounds too good to be true, but it isn’t. To understand how and why an FHA Streamline works, you must understand how an original FHA Loan works. The FHA Streamline is possible because it just reprocesses the original FHA Loan.

above, provided that you also meet all of these conditions:

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