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FHA Streamline Mortgage
Advantages of an FHA Streamline Mortgage
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The mortgage to be refinanced must already be an FHA insured mortgage.
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The mortgage to be refinanced should be current (not delinquent).
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The refinance is to result in a lowering of the borrower's monthly principal and interest payments.
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No cash may be taken out on mortgages refinanced using the streamline refinance process.
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All Closing Costs can be included in the loan.
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