What are the advantages of a FHA Streamline refinance?
  What are the advantages of a FHA Streamline refinance?
  What are the advantages of a FHA Streamline refinance?
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What are the advantages of a FHA Streamline refinance? 2017-09-26T18:58:10+00:00

FHA Streamline loans allow you to reduce the interest rate on your current home loan more quickly and with far less paperwork than conventional mortgage refinances require.

Refinancing your existing FHA-insured loan allows you to take advantage of today’s low interest rates and reduce your monthly expenses.

Reducing your interest rate one percentage point on a $200,000 mortgage loan would save you over $1400 a year while reducing your interest rate by two percentage points would save you over $2900 a year.

FHA Streamline loans require minimal paperwork. A FHA Streamline refinance uses your original FHA home loan paperwork so there’s no income verification, employment verification or underwriting fees and a home re-appraisal is only required under certain circumstances. This allows borrowers who owe more on their homes than they are worth to refinance.

Borrowers can choose to pay their “closing cost” fees in cash to obtain the lowest possible interest rates or take advantage of a “no cost” streamline refinance at a higher rate of interest.

You also have the option of increasing or decreasing the term of your existing loan. Reducing the term of your loan builds equity faster, while increasing the term of your loan makes your payments more affordable.

Related Articles:

Learn about FHA Streamline Loans

Check to see if you are eligible for a FHA Streamline Loan

FHA Streamline Loan requirements

Get A Rate That Works
Purchase or Refinance
100% Free - No Obligation
Fast and Easy
No SSN or Credit Check
The Savings Start Here
Information You Can Use
Helpful Tools
Mortgage
Calculator

Estimate your monthly payment for purchase or refinance
Auto Loan
Calculator

Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison

Compare 15 year and 30 year mortgage loan payments
Today's Mortgage
Rates

See today's mortgage rates. Shop, compare and save.
What are the advantages of a FHA Streamline refinance? 2017-09-26T18:58:10+00:00

FHA Streamline loans allow you to reduce the interest rate on your current home loan more quickly and with far less paperwork than conventional mortgage refinances require.

Refinancing your existing FHA-insured loan allows you to take advantage of today’s low interest rates and reduce your monthly expenses.

Reducing your interest rate one percentage point on a $200,000 mortgage loan would save you over $1400 a year while reducing your interest rate by two percentage points would save you over $2900 a year.

FHA Streamline loans require minimal paperwork. A FHA Streamline refinance uses your original FHA home loan paperwork so there’s no income verification, employment verification or underwriting fees and a home re-appraisal is only required under certain circumstances. This allows borrowers who owe more on their homes than they are worth to refinance.

Borrowers can choose to pay their “closing cost” fees in cash to obtain the lowest possible interest rates or take advantage of a “no cost” streamline refinance at a higher rate of interest.

You also have the option of increasing or decreasing the term of your existing loan. Reducing the term of your loan builds equity faster, while increasing the term of your loan makes your payments more affordable.

Related Articles:

Learn about FHA Streamline Loans

Check to see if you are eligible for a FHA Streamline Loan

FHA Streamline Loan requirements

Get A Rate That Works
Purchase or Refinance
100% Free - No Obligation
Fast and Easy
No SSN or Credit Check
The Savings Start Here
Information You Can Use
Helpful Tools
What are the advantages of a FHA Streamline refinance? 2017-09-26T18:58:10+00:00

FHA Streamline loans allow you to reduce the interest rate on your current home loan more quickly and with far less paperwork than conventional mortgage refinances require.

Refinancing your existing FHA-insured loan allows you to take advantage of today’s low interest rates and reduce your monthly expenses.

Reducing your interest rate one percentage point on a $200,000 mortgage loan would save you over $1400 a year while reducing your interest rate by two percentage points would save you over $2900 a year.

FHA Streamline loans require minimal paperwork. A FHA Streamline refinance uses your original FHA home loan paperwork so there’s no income verification, employment verification or underwriting fees and a home re-appraisal is only required under certain circumstances. This allows borrowers who owe more on their homes than they are worth to refinance.

Borrowers can choose to pay their “closing cost” fees in cash to obtain the lowest possible interest rates or take advantage of a “no cost” streamline refinance at a higher rate of interest.

You also have the option of increasing or decreasing the term of your existing loan. Reducing the term of your loan builds equity faster, while increasing the term of your loan makes your payments more affordable.

Related Articles:

Learn about FHA Streamline Loans

Check to see if you are eligible for a FHA Streamline Loan

FHA Streamline Loan requirements

Get A Rate That Works
Purchase or Refinance
100% Free - No Obligation
Fast and Easy
No SSN or Credit Check
The Savings Start Here
Information You Can Use