If you currently have an FHA mortgage
you are eligible for one of
the simplest money saving refinances available today, the FHA
"Streamline Refinance".
This mortgage gives existing FHA borrowers the ability to reduce
their interest rate and/or loan term without having to go through
all the demands of a typical refinance. Simply put, in most cases
you do not have to prove to the underwriter that you can qualify for
the new loan. How
does the FHA
"Streamline" work?
The basic requirements of a streamline refinance are:
The mortgage to be refinanced must already be FHA insured
The mortgage to be refinanced should be current (not delinquent).
The refinance is to result in a lowering of the borrower's monthly
principal and interest payments, a reduction in term, or converting
from an adjustable mortgage to a fixed rate loan.
No cash may be taken out on mortgages refinanced using the
streamline refinance process.
If you met the above requirements, then you can take advantage of
these "Streamline" options through 425 Financial at www.425.com.
Possible"No Cost" option - Under this option, you
can refinance your mortgage through Loans Online at 425.com without having to pay for any fixed closing costs such as
Title Searches, Attorney Fees, Points, Application Fees, Appraisal
Fees, etc. We may be able to absorb the cost for all of these items as your
new lender. A higher rate will be charged for this option and loan
amounts must be over $150,000.00.
"Streamline"
with an appraisal - Under this option, you may choose to
have all of your closing costs included into your new loan. This
option offers you a lower rate than option above.
"Streamline"
without an appraisal - Under this option , you may not
include closing costs into your new loan. You will have to pay for
closing costs outside the loan or choose option above.
Confused about which option is best for you???
Don't be. At Loans Online at 425.com we will analyze your current financial situation and
help you choose the best Streamline option available today.
The FHA Streamline Refinance is one of HUD's most
attractive financing options simply because you would only utilize
its features if it saved you money. Give us a call and within
minutes our lending professionals can tell you if it's in your best
interest to Streamline Refinance. If so, apply on line.
1-866-449-7263
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