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Can FHA loans be refinanced with a non-goverment mortgage company?
Written By: admin on June 28, 2009
One Comment
My daughter and son-in-law bought their first home about 10 years ago with an FHA loan. Obviously they were making a lower income at the time, but now they make a pretty honest living. The FHA loan payment has risen to over three times what it was when they obtained it. I realize the benefit of FHA as starter loans, but now it looks as if they might do better with a refinance? Reckon? Advice? Thanks.
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Tags: 10 years, benefit, fha loan, loan payment, loans, three times
Yes, they can be re-financed with any new financing that they qualify for.