brenham tx fha streamline refinance loans: Brenham TX FHA Streamline Refinance Loans
- 07/14/15 01:57 AM
Brenham TX FHA Streamline RefinanceLOANS are as special mortgage product, reserved for homeowners with existingFHA mortgages. FHA Streamline refinancesare the fastest, simplest way for FHA-insured homeowners to refinance their respective mortgage into today’s lowMORTGAGE RATES Below are some of the requirements for an FHA streamline: · You must be current on YOUR existing LOAN WITH all MORTGAGE PAYMENTS made on time for the last year. · You must own the original property and have made at least six MONTHLY MORTGAGE PAYMENTS before you can qualify for REFINANCING. · To REFINANCE, you’ll need an FHA-approved LENDER. If you don’t want to use yourcurrent LENDER, any MORTGAGE LENDER YOU CHOOSE must be FHA approved. · FHAStreamline LOANS do not require an appraisal, but a no-appraisal LOAN cannot exceedYOUR current LOAN. · CLOSING COSTS must BE PAID up front or arranged for through a “no-cost”FHAStreamline LOAN. You may also CHOOSE to include the CLOSING COSTS into your LOAN by doing a “with appraisal”FHA Streamline LOAN. In these cases, you must have enough equity
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