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FHA offers various types of FHA streamline refinances. To
simplify the process, we first show you the FHA streamline refinance program options you
have, starting first with the type of actual loan program repayment schedules you can
refinance from and to.
- Fixed Rate > to > Fixed Rate
- Adjustable Rate Mortgage (ARM) > to >
Fixed Mortgage
- 30 Yr. Fixed Rate > to > 15 Yr. Fixed Rate
- 2/1 Buy-Down > to > Fixed Rate
- 15 Yr. Fixed > to > 30 Yr. Fixed
Now that you understand what type
of loan program you can streamline refinance with your existing FHA loan, you will be able
to select any of the rate and fee combinations that best suites your needs.
- 30 Days of Interest (Current Mortgage Payment)
- 30 Days of Interest (Current Mortgage payment) and
set-up of New Impound Account
- All Costs paid out of pocket.
- Some or all closing costs financed into the loan
amount but not exceeding original loan amount.
- All Costs financed into loan amount.*
* Requires FHA appraisal, termite report, and
additional documentation and qualification.
The first of the interest rate and
fee combinations, will have a slightly higher interest rate and no costs, while the last
option will have the lowest interest rate but costs financed into the loan. All free
refinance analysis's will be provided will with all types of rate and fee combinations as
well as detailed explanations.
You will be able to select the
option that best suits your needs and meets your financial goals. Prior to selecting any
type of FHA streamline mortgage refinance, learn what you will need by clicking here to
>>> Get Ready.
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