FHA Is About To Change The Rules On Steamlined Refinances...

Hello,

If you have an FHA loan, and you've been thinking about a Streamlined Refinance - the time to start this refinance is now.

...This is because FHA is changing the rules on Streamlines starting November 17th.

Starting November 17th the maximum FHA Streamlined loan limit will be... The outstanding principal balance minus the MIP refund - plus the new MIP that will be charged on the refinance.

The new guidelines will severely limit the ability to do a Streamlined Refinance loan after November 17th.

So, if you have an FHA loan and you want a lower rate - the time to refinance is now.

I hope you have a good day today. Thanks for reading!


Brett