FHA / VA Streamline refinance loans help homeowners lower monthly mortgage payments, lower interest rates with a minimal costs, hassles and no increase in the loan balance.
VA and HUD’s reasoning is: By easily lowering a homeowner payment rate (at a low-cost) only lessens the chance of any future default.
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* FHA has made a profit every year since its inception in the mid-1930s.
The Advantages of Streamline Refi’s
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No income verification (borrower must be be employed, even if only a part-time basis)
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Being current on all mortgage payments
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Streamline loans do not require an appraisal
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Closing costs are less ($1300 vs $3k) when compared to a typical refi loan
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Daniel Dobbs (.org)
VP- Broker-
Mutual Home Mortgage
265 S. Randolph #120
Brea, Ca. 92821
Cell: 949 250-3981Dandobbs6@gmail.com
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