The FHA guidelines for streamline refinances in Delaware are changing on January 1, 2009. If you want to be able to streamline without having an appraisal, no income verification, no asset verification, and no seasoning requirements then you need to do so before the guidelines change on January 1st.
Now is the perfect time to streamline to a lower rate. Rates are at an all time low!! If you currently have a fixed rate of 5.875% or higher than you should investigate if refinancing makes sense. You could save thousands of dollars over the life of the loan. If you are in an adjustable rate mortgage than now is the perfect time to fix your rate. If you currently have a Delaware FHA loan then you can streamline to a lower rate without any income verification, no asset verification, no appraisal needed, and no seasoning requirements on the loan.
If you don’t currently have a Delware FHA mortgage loan then you can still refinance for up to 97.75% LTV for a rate/term refinance or 85% LTV if you wish to take cash out of your home. The difference for these two prgrams is that an Appraisal will be required by a Delaware Licensed Appraiser that is approved by FHA. You will also be required to verify income and assets.
Call or e-mail now for a free loan analysis to see if it makes sense for you to refinance.
*This is not an offer to lend. 
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