HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
What are the advantages of a FHA Streamline refinance?
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
What are the advantages of a FHA Streamline refinance?
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
What are the advantages of a FHA Streamline refinance?
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

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS
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

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS
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

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS