FHA mortgage loans has its own list of requirements and regulations that govern refinance loans. If you’re considering an application for an FHA refinance, here are a few general things you should know about going into the process. In the FHA loan rulebook under the section, “Purpose of a Refinance Transaction” we learn, ” A refinance transaction is used to pay off an existing real estate debt with the proceeds of a new mortgage; –for borrower(s) … (2 comments)
I am a financing guru.
I have over 14 years of experience in the financing industry.
I have a high closing ratio of loans that I help clients with. This comes from knowing if someone is a candidate right now or if they need to do things to prepare to be a borrow at a later time. If someone doesn't qualify right now, I help that person so they will at some future time so they everyone has hope to improve their circumstances.
Refinancing an FHA mortgage loan is very similar to refinancing other types of mortgage loans, both conventional loans, VA loans and USDA mortgage loans.
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