I have a FHA loan and keep hearing about the FHA streamline refinancing. Can anyone tell me the pros and cons to this program. I also want to know the approximate closing costs or points associated with it. With this program can I roll the fees into the mortgage? Thanks.
Tags: closing [...]
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 [...]
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