Bank Of America – Making News For All Of The Wrong Reasons. The latest news from Bank Of America is they are no longer going to offer FHA cash out refinances. Has anyone else noticed that Bank Of America seems to be making news for all of the wrong reasons? How about the […]
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Browsing Posts tagged fha streamline refinance
What is an FHA Mortgage Loan? FHA Mortgage Loans are quickly becoming one of the most popular loan programs nationwide. FHA mortgages are often called government home loans because they are insured by HUD against default so they are a stable option with low rates and typically a fixed interest rate that includes principal reduction […]
Watch the video for some of the changes coming to FHA streamline refinances and why FHA is tightening up on their requirements. Summary of FHA Streamline Refinance changes Effective date is for case numbers issued on or after 11/18/2009 Old: Could do an FHA Streamline Refinance loan with no waiting period from current loan New: […]
Summary of FHA Streamline Refinance changes Effective date is for case numbers issued on or after 11/18/2009 Old: Could do an FHA Streamline Refinance loan with no waiting period from current loan New: Borrower must have made 6 full payments on loan before being allowed to streamline. Old: FHA Mortgage Loan being refinanced must be […]
