FHA Reduces Mortgage Insurance on Streamline Refinances!
In an effort to assist Homeowner’s refinance their home mortgage at today’s all time low rates, FHA has significantly reduced the Mortgage Insurance Premium (MIP) cost on all Streamline Refinances beginning June 11, 2012. The eligible loans must have originated on or before May 31, 2009. FHA’s Streamline Refinancing program offers No Appraisal and No Income Qualifying guidelines. If you have an FHA Mortgage which you took out prior to May 31, 2009, contact me to see how much you can save per month.
