Many people in recent years have finance their home with an FHA home loan that have interest rates higher than today’s interest rates. The FHA streamline refinance program was designed by HUD to help home owners who are currently in an FHA home loan to refinance to lower monthly costs without having to completely re-qualify for a new loan. The FHA streamline refinance could put billions of dollars of monthly principal and interest payments back into the economy through simply saving home owners hundreds of dollars on monthly payments.
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If you have an existing FHA home loan you owe it to yourself and to your family to contact your FHA streamline refinance specialist today and apply for the FHA streamline program – which you are probably already qualified for. Even if your home has declined in value and even if your income has gone down over the last few months you still likely are qualified to use the FHA streamline refinance because depending on your situation you may not need an appraisal on your home.
Rates are low today and there is no way of knowing how much longer they will stay that way. Chances of them going any lower are extremely small since the Federal target rate is so low any additional cuts would make it zero. Call your FHA streamline refinance expert and get started today!