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Posted by: FHAFHA Home Loans
An FHA loan is a program that insures home loans. The FHA (Federal Housing Administration) doesn’t actually fund your home loan in any way. President Roosevelt’s administration started the FHA to enable lenders to provide low down payment (current 3.5%) 30 year loans by insuring lenders from losses associated with homeowner default.
STOP RENTING: Use the FHA loan process and buy a home with similar payments as renting.
FHA Streamline Refinance
The fastest option to refinance and reduce your monthly payments is with an FHA Streamline Refinance! Streamlines close on an average of less than 8 days and with the least amount of paper work, which in return saves you time and money! Because the streamline process uses your existing FHA loan paper work there is no additional papers needed to be filled out. Anyone who has gone through the paper work process knows this can be a huge time burden and can be very stressful. That is one of the main reasons the streamline process is so popular, it saves you both time and money!
Do you want to lower your monthly payment? Are you paying too much interest on your home loan? Call us so we can help (800-365-8787 ext 11). You can be saving lots of money with a streamline refinance! Rates continue to drop and countless people are saving hundreds a month and even thousands! Already have an FHA loan or a VA home loan? Then you are already approved! Streamline refinance is the fastest, easiest way to save money on your existing home loan. Start now and start saving!
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