FHA
Streamline Refinance*
When
you originally obtained your FHA mortgage, up to $4200 was added
into your loan amount for mortgage insurance premium as required
by FHA. You will get all or part of this money back when you
refinance to a low rate conventional loan. Condos do not have a
refund but are eligible for a lower rate loan.
You
have the opportunity to refinance to a New Adjustable Rate of
4.75% or a New Fixed Rate of 6.00%, PLUS
get up to $3000 cash at close.
It's
simple, you decide if you want to stop paying mortgage
insurance, refinance to a conventional and get your MIP Refund
or simply choose a FHA Streamline Refinance (73% quicker than a
conventional) to lower your monthly payments. With a Streamline
Refinance there is:
-
No Credit Requirements
- No Appraisal Required
- No Out-of-Pocket Costs
Easy Online Application
Fill out the online pre-qualification form below and get the
process started right away.
FHA
Streamline refinance programs are for the purpose of lowering
interest rates and monthly mortgage payments alone. They cannot
be used for cash out or debt consolidation purposes. Borrower
must have one 30-day mortgage late or less over the past 12
months to qualify. Amount of monthly payment cannot increase by
$50 per month when refinancing from a 30-year fixed to a 15-year
fixed program. Due to the fact mortgage payments cannot be
financed into new loans no monthly payments are
"skipped" when streamline refinancing. For more
information on this great loan and other products please contact
a loan specialist directly at 1-866-854-9961. |
Las Vegas Real Estate