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Has anyone with an FHA loan done a streamline re-fi?
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BaroqueMama
Chase is one!
Member since 5/05 27530 total posts
Name:
me
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Has anyone with an FHA loan done a streamline re-fi?
My friend, who closed on her house with an FHA loan a couple of months before us is doing this right now, she's locked in at 6% (so are we) and she'll soon be locked in at 5%. Supposedly there is minimal paperwork and no closing costs. This sounds too good to be true. Just wondering if anyone has taken advantage of this?
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Posted 4/13/09 7:13 PM  |
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Long Island Weddings
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luckysmom
Yes it is! Going as planned:)
Member since 6/07 5339 total posts
Name:
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Re: Has anyone with an FHA loan done a streamline re-fi?
What is a streamline Re-fi? We closed on our house in February. We got a great interest rate but we HATE our mtg company and would like to re-fi to get rid of them.
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| Posted 4/13/09 10:42 PM |
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My3Shmoos
Me and my Monkey
Member since 7/06 2437 total posts
Name:
K
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Re: Has anyone with an FHA loan done a streamline re-fi?
We did this 6 years ago. We used the same company we got out mortagage with way back then. It was sooooo easy and obviously got us a better rate. Back then we were with Continental Capital.
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| Posted 4/14/09 12:20 AM |
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Aries14
Can't plan life...
Member since 8/08 2860 total posts
Name:
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Re: Has anyone with an FHA loan done a streamline re-fi?
yes, going through the process now. We will go from 6.5% to 5% but we are paying closing costs.
ETA: we are not paing closing cost out of pockect - they are rolling it into the mortgage.
Message edited 4/14/2009 12:15:26 PM.
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| Posted 4/14/09 12:14 PM |
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groovypeg
:)
Member since 5/05 2423 total posts
Name:
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Re: Has anyone with an FHA loan done a streamline re-fi?
i am... we have a 6.5 and are locking in at 4.875. we are paying closing costs though bc we refi'd in july 08 so there is not much we can roll in.
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| Posted 4/14/09 12:34 PM |
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