|
MN Homeowners!
FHA Streamline Refinancing Opportunities*
Are you paying too much on your FHA mortgage?
Save money and lower your monthly mortgage payments.
FHA Streamline Refi Basic Qualifying:
- Loan must be a FHA insured loan to be refinanced.
- Loan to be refinanced must be current not delinquent.
- FHA refinance is to result in a lowering of the borrower's monthly principal and interest payments.
- No cash may be taken out on mortgages refinanced using the streamline refinance process.
- To refinance without having the home appraised, borrower must pay all closing costs and prepaid expenses out of pocket or through Lender Subsidies (No Cost Refinance)
- When refinancing with an appraisal, new loan amount cannot exceed 97% of appraised value and borrower cannot receive more than $500 cash back at closing
- Get your Custom RateWatch report today.
For more click here FHA Org Info
Call Peter Boyle 612.701.6816 pboyle@summit-mortgage NMLS License # 218261
*Summit Mortgage Corporation  *Please check with your lender for current pricing and personal mortgage analysis. *The information in this Web site can change without notice. This is an Equal Housing Credit Lender. Equal Housing Lender 
|