Streamline Refinance (Vacaville, CA)

Streamline Refinance

FHA has reduced the cost associated with Mortgage Insurance by a half-percent. Now may be the perfect time for a FHA Streamline refinance No Verification of Income Asset Employement Libaility or Appraisal on Streamline Refinance Minimum 550 FICO ( 125% max based on original application value) Max CLTV of 125% Mortgage History no late payments in the last 12 months Maximum Term 30 Years or the remaining terms plus 12 Years Must have a current FHA loan to be eligible There must benefit of a payment reduction of 5% P& I plus MIP to be eligible For example if your loan amount is 200 000 you will save 83 per month under the new premiums. If you are in a high-cost area like California using the maximum loan amount of 625 500 you will save a 260 per month more than 3 100 a year. www.loansbykramer.com fhasstreamline-refinance