Mortgage Definition: FHA Streamline Refinance
This week, mortgage lender Justin McHood explains an FHA streamline refinance program, which is a program designed for people who currently have an FHA loan to take advantage of lowering their interest rate when rates drop with less documentation than a “normal” refinance requires.”
Justin points out some recent changes at HUD that will affect the closing costs. He also encourages people considering re-finance to consult a mortgage professional to see if refinancing makes sense for your unique goals.
Read more about FHA streamline refinance programs.
Photo Credit: ncreedplayer