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home lender: Understanding Streamline Refinancing - 09/11/09 06:15 PM
<!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:DoNotOptimizeForBrowser /> </w:WordDocument> </xml><![endif]--> <!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} --> A streamline refinance option is not open to a lot of consumers. It is a privilege of those consumers who currently have an FHA insured loan. For this reason, a good many consumers initially opt to check out FHA loan products rather than one of the various other kinds of loan vehicles. Of course, when deciding which … (0 comments)
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home lender: Are You a Good Candidate for a Streamline FHA Refinance? - 08/18/09 03:13 PM
If you are in the market for a refinance, you have undoubtedly heard about the various loans that are currently offered by lenders. There are adjustable rate mortgages, those that feature balloon payments, loans which offer substantial cash-out options, and of course also the loans that change an existing 30 year loan to a shorter 15 year loan. The FHA streamline loan does not perform the same tasks as these loans, and in some cases consumers may wonder if it is truly advantageous to opt for this kind of loan, especially since there are so many other options which are far … (0 comments)
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home lender: What is a Streamline FHA Mortgage Refinance? - 08/11/09 07:06 PM
What is a Streamline FHA Mortgage Refinance?
Streamlining is not really a term that explains the loan product so much as it refers to the amount of paper that the borrower is required to provide to the lender. Generally speaking, the amount of paperwork that is usually demanded during the initial mortgage application is virtually cut in half during a streamline refinance. Appraisals are optional, but in cases where there is little equity built up, the bank may mandate the appraisal of the property prior to issuing a loan. This protects the lender from financing a property that might put the … (0 comments)
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home lender: Protecting Your Credit Rating - 08/06/09 02:31 PM
In addition to providing a listing of your past and current use of credit, your credit profile also provides the information needed to calculate your credit rating. The credit rating – much more so than the various accounts contained in the credit file – is the initial impression a potential creditor looks at before deciding whether or not to offer you credit, and – if so – how much the credit will cost you. The lower your credit score, the less likely you are to be offered credit at a competitive rate. Conversely, the higher your credit rating, the more likely … (0 comments)
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Shannon Arnold
Orange,
CA
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Lender411.com
Address: 5334 E Chapman Ave Ste 100, Orange, CA, 92869
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