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FHA “streamlined” loans are friendlier! They don’t require a home appraisal and it does not matter if your home is underwater (meaning the appraised value is less than the amount of money you owe on your mortgage loan).  FHA streamlined loans are designed specifically for one thing; to reduce a homeowner’s monthly mortgage payment.  There is a catch, only FHA mortgage-holders qualify.

Here are some quick highlights:

• No Income Verification! That’s right, no paystubs or tax returns!
• No Asset Verification! Right again, no bank statements needed!
• No Appraisal!!! Wow!!

Federal Housing Administration (FHA) streamlined refinancing programs have skyrocketed since last year because it’s easy for a borrower to qualify for one.  To qualify you need to currently have a FHA loan and also be current on the payments.

If you have an FHA mortgage loan and the rate is 6% or higher, run don’t walk to your nearest FHA Lender!  You could save thousands of dollars by refinancing.

Please contact us at 201-943-6800 to schedule your FREE No-Obligation Consultation where we will meet to tailor a program to fit your needs and comfort level for monthly payments and investments.

If you would like to get started now please fill out a Secure Online Application and we will contact you to set up your free consultation and get you into the home of your dreams with the best terms available…regardless of your credit!

I hope you have enjoyed this blog.

Until next time,

Tony

P.S. Also, make sure you register for our Insider Mortgage Secrets, browse our HomeBuying Resources section and fill-out a free no-obligation secure online application or call our Edgewater, New Jersey office in Bergen County at 201-943-6800 with any questions you have.

P.P.S. CLICK HERE to check out our FREE Credit Repair Program.