The Mortgage Minute - FHA Streamline Refinances

The Mortgage Minute- FHA Streamline Refinances

Posted Leave a commentPosted in Buyer Tips and Advice, FHA Loans, Loan Progams, Mortgage Knowledge

The Mortgage Minute- FHA Streamline Refinances Welcome to this week’s The Mortgage Minute. This week’s topic is FHA Streamline Refinances The Mortgage Minute is weekly informational series presented by Laura Borja, Your San Diego home loan expert. An FHA streamline refinance allows you to refinance your current FHA loan without the need to income qualify, and […]

FHA MI Changes for 2013 will not affect some streamline refinances

Posted Leave a commentPosted in FHA Loans, Mortgage Knowledge

The changes coming to FHA annual MIP (monthly mortgage insurance) for 2013 will not affect some FHA Streamline Refinances.   HUD announced in Mortgagee Letter 2013-04 that changes will be coming to the amount of monthly mortgage insurance on FHA loans as well as the duration of the mortgage insurance. Fortunately, the changes to the monthly mortgage insurance amount will […]