| FHA Refinance If you are facing foreclosure we have helped many homeowners refinance out of foreclosure to a fixed rate loan. |
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08-21-2009, 09:35 PM
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FHA Streamline Refinance Question.?
What is this all about? Is this legitimate? Would this be cost effective for me in the long run?My current loan is at 7.5% at a loan for 57,000 @ 649 a month. The lender told me he could knock off 2 points for a 5.5% loan for 57,000...No cost to me, No appraisal. Now there has to be some hidden fees or something I'm not catching. Does anyone know what's going on?I don't have 20% Equity yet. I've only been in the loan for 6 months.
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