Did you know that there is more to negotiate than the price of a home when you buy a home? You can also negotiate other things, such as closing costs with a seller. If you don’t have the cash lying around to cover up to 5% of the loan amount, you may need this help if you want to close the loan. Luckily, the FHA loan program does allow sellers to help with closing costs. Looking for Current Mortgage Interest Rates? Click Here. Keep reading to find out what closing costs a seller can … [Read more...]
What are the Common FHA Streamline Closing Costs?
Do you want a lower mortgage payment? You can get it with the FHA Streamline loan. You don’t need to verify your income or the value of your home. It can be done quickly and save you money. Some borrowers lower their interest rate. Others save with today’s lower mortgage insurance rates if their loan is from before 2015. Either way, you pay the FHA Streamline closing costs. Here we look at the costs and how you can minimize them. Understanding the FHA Streamline Costs Like most other … [Read more...]