FHA Mortgage Insurance premium has been lowered from 1.35% to 0.85% as of today 1-26-15
Streamline refinance your FHA mortgage to lower your mortgage insurance today.
HUD just recently reduced the monthly mortgage insurance premium from 1.35% of the loan amount to 0.85% of the loan which could be a substantial monthly savings for you if you were to Streamline your FHA mortgage right now.
If you would like a "cash out" refinance
It will all be determined by your credit profile, debt to income ratios, fico scores, LTV, loan program choice and rate and terms.
You may even have enough equity to refinance to a conventional loan with NO Mortgage insurance at all.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7