fha refinance

8
FHA

Upload: mortgage-commentator

Post on 12-Jan-2017

84 views

Category:

Economy & Finance


0 download

TRANSCRIPT

Page 2: FHA Refinance

What is an FHA Streamline Refinance

The FHA refinance program is called a “StreamlineRefinance” because it reduces the amount of

documentation you are required to provide and it relaxesthe underwriting requirements.

Page 3: FHA Refinance

General FHA StreamlineRequirements:

Your mortgage must already be FHA insured.Your mortgage should be current.The streamline refinance must benefit you bylowering your payments or converting from anadjustable rate mortgage (ARM) to a fixed-rate.No cash out is allowed.

Page 4: FHA Refinance

What You NeedThings you need to comply before getting your

mortgage refinanced:

210-day “waiting period”6 mortgage payments on existing FHA loanPerfect 3-month payment historyNet Tangible Benefit or “Purpose”

Page 5: FHA Refinance

What You Don’t NeedLoans backed by the FHA are known to be relativelyeasy to qualify for because of these things borrowers

don’t need to undergo:

Employment VerificationIncome VerificationCredit Score VerificationAppraisal

Page 6: FHA Refinance

Finding theBest FHA LenderBestFHALender.com is a one-stop shop offeringuseful information about FHA loans and enablingcustomers to shop for multiple lenders.

Click here to learn more

Page 7: FHA Refinance

Information Provided byJUSTIN MCHOOD

He is Americas Mortgage Commentator andhas been providing Mortgage commentary for

over 10 years.

Page 8: FHA Refinance

LEARN MORE ABOUT MORTGAGE.INFO

MORTGAGE.INFO

FACEBOOK.COM/WWW.MORTGAGE.INFO/

@_MORTGAGEINFO

PINTEREST.COM/MORTGAGE_INFO/

LENDERS HOTLINE: 855-531-7677