Important Information About FHA Mortgage Refinancing Rates
The Federal Housing Administration(FHA) has insured the mortgages of over 35 million homeowners since 1934. The FHA offers two types of refinance loans; the cash-out and the Streamline. The cash-out option is great for folks whose homes have increased in value because it allows the homeowner to borrow more than he currently owes on his mortgage. The extra money can be put into home improvements, which increases the home’s value even more. The Streamline refinance enables homeowners to reduce the...
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