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Refinancing with FHA Lending Guide

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 Refinancing with FHA Lending Guide LendFast.com - Refinancing with FHA Lending Guide

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Refinancing With FHA

FHA mortgage refinancing offers benefits for current real estate home owners who are seeking to complete a refinance mortgage of their existing real estate mortgage (s). A FHA mortgage refinance may also benefit you even if you do not currently have a FHA loan.

 

Some advantages of using a FHA mortgage for your mortgage refinance are as follows:

 

FHA Streamline Refinance for existing FHA loans.

  • No Cost Interest Rate Reductions programs.
  • No Income or Credit Qualifications*.
  • Zero cost refinance options available.
  • Easily switch amortization for adjustable to fixed or vice versa.
  • Easily shorten or lengthen term of your existing loan.
  • Easier credit and income qualification

Cash-Out Refinance for existing or new FHA mortgages.

  • Cash-Out up to 95% of your properties value.
  • Consolidate first and second mortgages into single loan.
  • Bill consolidation programs.
  • Easier credit and income qualifications.
  • FHA  regulated closing cos

Rate and Term Mortgage Refinancing up to 97% of value of your home.

  • Consolidate first and second mortgages* into a single loan.
  • No FICO score or credit score requirements
  • Competitive rates for borrowers with a Bankruptcy older than two years.
  • Competitive rates for borrowers with a Foreclosure older than three years.
  • Easier credit and income qualifications.
  • FHA regulated closing costs.

Learn about the types of FHA programs that are available for your mortgage refinance, please click on the type of loan your would like below:

  • FHA Fixed Rate Loan- 15 and 30 year amortized loans.
  • FHA Adjustable Loan (ARM) - 15 and 30 year amortized loans.
  • FHA Buydown Loan-15 and 30 year amortized loans.

 



 

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