Grab 2013 FHA Streamline Refinancing Offers
Make sure you get the best out of 2013! The FHA Streamline Refinance program will be around only till the end of 2013! The FHA Streamline Refinancing has some unique features which make it a lucrative program to many homeowners. The Mortgage Reports has more on the current (April 2013) terms:
FHA Streamline : No Verification Of Job, Income, Credit
Another big plus is that the FHA Streamline Refinance is fairly easy for which to qualify.
In a sweeping guideline update, in April 2011, the FHA abolished verification for practically everything on an FHA Streamline Refinance mortgage application. Now, as written in the FHA’s official mortgage guidelines, the mortgage approval process for an FHA Streamline Refinance says :
- Employment verification is not required with an FHA Streamline Refinance
- Income verification is not required with an FHA Streamline Refinance
- Credit score verification is not required with an FHA Streamline Refinance
And, as mentioned earlier, there’s no need for a home appraisal, either. Read more..
Check some of the guidelines and see if you qualify for the 2013 FHA Streamline Refinance program. Direct Your Own Loan has more:
FHA Streamline Refinance Qualifications
- Have an FHA mortgage loan right now.
- Be current on your mortgage (not paying late).
- You should live in the home (not a rental property)
Mortgage lenders may have their own set of underwriting requirements but the goal of the FHA Streamline Refinance program is to lower your interest rate and payment, with a fixed rate mortgage loan. This program can help homeowners who have adjustable rate mortgages (ARM) or a higher interest rate than what is currently being offered. An added bonus of this program is that it often does not require an appraisal, welcome relief for homeowners whose value has declined. See more..
Do not miss the opportunity to use the financial benefits the FHA Streamline Refinance has to offer until the end of the year.
So What Is The Next Step?
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