Lower Your Payments
You can refinance your existing FHA-insured mortgage through an FHA Streamline Refinance home loan. Aside from lowering your interest rates, here are some other reasons to streamline:
- Remove PMI – Qualifying homeowners can eliminate Private Mortgage Insurance (PMI) through refinancing, removing the high cost of PMI.
- Switch from ARM to Fixed – Are your rates and payments getting out of hand? Refinancing to a fixed rate loan can help lower your interest rates.
- Stretching Out a Loan Term – If you’ve owned your home for a long time, re-amortization lets you lower your monthly payments to offset costs due to retirement or lack of income.
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