REFINANCE Loans

May 21, 2018

REFINANCE Loans – still at record low interest rates in 2018

 

Refinance 760-486-4225
Refinance and Save hundreds of dollars on your mortgage

Would you like “cash out” refinance loans

Cash out refinance loans will all be determined by your credit profile, debt to income ratios, fico scores, LTV, loan program choice and rate and terms. A cash out refinance requires an appraisal done.

You may even have enough equity to refinance to a conventional loan with NO Mortgage insurance.

Call 760-486-4225

  • FHA Streamline Refinance – no credit qualifying, no appraisal and record low rates. Inquire rate and terms today.
  • The FHA Streamline Refinance is designed to lower the interest rate on a current FHA Home Loan or convert a current FHA adjustable rate mortgage into a fixed rate.
  • An FHA Streamline Refinance can be performed quickly and easily.
  • It requires much less hassle and paperwork than a normal refinance including no appraisal, no qualifying debt ratios and no income verification.

Streamline refinance your FHA mortgage to lower your mortgage insurance today.

HUD reduced the monthly mortgage insurance premium from 1.35% of the loan amount to 0.85% of the loan amount which could be a substantial monthly savings for you if your mortgage was taken out before 1/26/15.

The FHA Streamline program does not require an appraisal and in many cases no income or credit qualifying.  The new loan amount is not any higher than your current loan amount so this is a very simple process to accomplish this savings.  Rates are very good right now too.  Please let me know if you have any questions.

Streamline FHA Refinance – Key Features & Benefits:

  • Appraisal is no longer needed for an FHA Streamline refinance
  • Income or DTI ratios are no longer calculated for an FHA streamline refinance
  • Minimum credit scores are no longer required for an FHA streamline refinance
  • Lender will refund your escrow/impound account
  • Skip one mortgage payment
  • Reduced lender fees