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No Equity? Bad Credit? Refinance FHA Streamline Your Mortgage

 
Don't Be Quick To Turndown a Loan
Just last week a client was referred to me by reading one of my blog posts.  The reason he was searching for a local lender is because he tried to get approved in refinancing his mortgage from an 8% rate.  The lender he tried to go with did not even bother calling the client back after pulling his credit.  This is a sign that usually the client had qualifications lower than the minimum and the loan officer decided not to call the client back.
However, I work with the client till the end even if they don't qualify now, I will try to find a way to help them work on their credit or finances so they can be ready down the road.  Customer for life and not a customer for right now as I always say.  So when working with the client I have came to find out that he had scores under 550 but also had a FHA loan insured.  Under FHA Streamline guidelines I was able to refinance my client with...
1.) No Appraisal Necessary
2.) No Credit Check
3.) No Income/Assets Check
This is a great way to ... more

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