Did you know if you have an existing FHA home loan for at least six months and you have not had any late mortgage payments in the last twelve months you already are qualified for an FHA streamline mortgage refinance? In fact for an FHA streamline refinance you do not need to provide nearly as much documentation as you would for a standard home loan refinance.
The most important thing you can do is contact your FHA streamline refinance specialist and let them ask you a few simple questions about your existing home loan. The main goal of an FHA streamline refinance is to lower the monthly principal and interest payments for US residents who have an existing FHA home loan. Most FHA streamline refinances do not require income documentation or appraisal so even if you owe more on your FHA home loan than your current home value and you do not take cash out from your closing (you pay your small closing costs from your pocket) you may not even need a new appraisal.
Contact your FHA streamline refinance specialist today while interest rates are low and the FHA streamline refinance is still readily available at 888.448.2669.