refinance no appraisal: FHA Streamline Refinance Rental Property - 01/29/14 10:41 PM
January 29, 2014 by Eleanor Thorne
Mortgage rates have dipped again, and Government loan mortgage rates are now nearing the lowest levels we’ve seen –again! Lower interest rates mean folks are thinking about refinancing their homes.  Especially folks who didn’t have the ability to refinance it within the last couple of years!
FHA allows you to Streamline Refinance when you do not occupy the property.  This was actually news to me, because we always tell folks that FHA is ONLY for use as a Primary Residence!
So we have a borrower who owned a home in Ohio (financed via FHA), moved to NC – … (0 comments)

refinance no appraisal: Refinance Investment Property with FHA Streamline Program - 01/16/13 09:03 PM
FHA Mortgage Loans are generally only available to folks who are going to live in the property – the EXCEPTION is if you already own the home, and you want to refinance it.  If you purchased a home with a FHA mortgage, then moved out, and are renting it (so now it’s Investment property) you might be eligible for a Streamline Refinance.  
We can close a  FHA Streamline Refinance of Investment Property.
Obviously, the benefit of the FHA Streamline is greater for folks who purchased the home, and have a loan that was endorsed by FHA prior to June 1, … (3 comments)

 
Eleanor Thorne, Equity Resources  919-649-5058 (Equity Resources) Ambassador large

Eleanor Thorne

Equity Resources 919-649-5058

Cary, NC

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Equity Resources

Address: 201 Shannon Oaks Circle, Suite 204, Cary, NC, 27511

Office: (919) 649-5058

Mobile: (919) 649-5057

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