The Streamline FHA Refinance: Is it Right for You?
You will accomplish two things when you Streamline your FHA refinance. You will save money. You will save time.
How Will You Save Money?
The Streamline FHA refinance is designed to save you money. It saves money in the following ways:
- Since the Streamline FHA refinance must save the borrower money, the new monthly payment must be 5% less than the original monthly payment
- The amount of the FHA mortgage insurance premium included in the monthly payment decreases which makes your new monthly payment lower
- Borrowers can take advantage of the current lower interest rates.
How Will You Save Time?…