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FHA Streamline Mortgage

 

 Advantages of an FHA Streamline Mortgage

 

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

 

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