Fha Streamline Refinance

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How is Fha Streamline Refinance

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Fha Interest Rates . The Fha streamline refinance FHA has allowed streamlines for about 30 years. The "Streamline" actually refers to the streamlined process of documenting and underwriting the new loan. The basic requirements for the streamline are: • You must already have an FHA loan • the mortgage to be refinanced must be current • The refinance must result in the lowering of your principle and interest payment. • No cash out • You must not have refinanced in the previous 6 months. • Streamline refinances may be done in several ways. • No Cost o (actually no out of pocket closing costs. We charge a slightly higher interest rate which covers all your closing costs). • Costs o You receive a slightly lower interest rate but come to closing with cash to pay the closing costs. The No Cost option is most common. Streamline refinances require no appraisal Documentation needed to complete an FHA Streamline loan include: • Copy of Drivers License • Copy of Social Security Card • Name and Phone Number of Insurance Agent • Signed Initial Fha Loan Disclosures To get started on your fha loan Call Anthony VanDyke today. Or visit my website at www.anthonyvandyke.com www.anthonyvandyke.com

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