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FHA Streamline Refinance

Written By: admin on October 28, 2009 No Comment

I got some streamline letters from the mail. I called 2 already but none of them won’t tell me the interest rate and the cost of fees (closing cost and process fee) just estimate only. They wont tell me until I fax my info (ss# ID, run credit check and so on). I live in [...]

Written By: admin on October 13, 2009 One Comment

I bought a house 6 months ago and got 6% interest rate on 30 yr FHA. Watching the rates go down made me wonder if I can refinance. Since FHA is a government-backed mortgage loan I was wondering what the options were. I read something about FHA streamline refinance but didn’t really know if that’s [...]

Written By: admin on September 10, 2009 No Comment

Are these fees normal for FHA Streamline Refinance:
Processing 5
Wire Transfer Fee 0
Admin Fee 5
Closing/Escrow Fee 0
Notary fee 0
Title Ins 0
CPl
Wire/ARchiving
Abstract 5
Alta
Recording 5
Courier
Please help I am so tired of getting screwed!!!!!!!!!!!!!!!!!!!!!!

Tags: closing escrow, cpl, escrow fee, fha, FHA Streamline Refinance, ins, notary, transfer fee, wire transfer

Written By: admin on August 19, 2009 One Comment

What is this all about? Is this legitimate? Would this be cost effective for me in the long run?
My current loan is at 7.5% at a loan for 57,000 @ 649 a month. The lender told me he could knock off 2 points for a 5.5% loan for 57,000…No cost to me, No appraisal.
Now [...]

Written By: admin on August 4, 2009 One Comment

I got a letter today from a small local finance company saying I can get this FHA payment reduction:
"As mandated by the Federal Housing Administration (FHA), the FHA loan obtained in December 2008 is now due for a Payment reduction of .51.
Additionally, as part of this FHA payment reduction and in conjuntion with the AMerican [...]

Written By: admin on July 15, 2009 One Comment

I keep hearing liberals talking about Bush’s policies that ruined the economy. Can anyone name any of these policies AND their direct effects on the economy?
I can name a couple, but they seem to contradict what liberals are claiming.
1) April 2001 – FY2002 Budget, Bush declares Fannie and Freddie out of control.
2) May 2002 [...]

Written By: admin on July 14, 2009 No Comment

I have a piggy back mortgage. 80/15/5. I want to refinance but my house is assessed at 2K and I still owe about 5K (possibly a small less but not much!).
It is not an FHA mortgage. Since I do not own 10% of the assessed value of the house is there anyway I can refinance? [...]

Written By: admin on July 14, 2009 One Comment

My house is 117,000 with a 6.25% interest rate for 30 years fixed. my payment is 973.00 per month. we want to do a FHA streamline re-fi with a 5% interest rate and the payment will be 870.00 per month. but they want to charge at closing 2,300.00 and that includes our first month payment [...]

Written By: admin on July 14, 2009 No Comment

As part of my divorce settlement, my ex-wife was to quit claim her interest in our home to me. She signed a quit claim to me, which she or her attorney was to file with the appropriate government office. Six months later (roughly), I am trying to do an FHA streamlined refinance. [...]

Written By: admin on July 13, 2009 One Comment

As part of my divorce settlement, my ex-wife was to quit claim her interest in our home to me. She signed a quit claim to me, which she or her attorney was to file with the appropriate government office. Six months later (roughly), I am trying to do an FHA streamlined refinance. I get approval [...]

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