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FHA refinance loans

FHA Cash Out Refinance: Step-by-Step Guide

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If you have equity in your home, you might be able to tap into it with an FHA cash out refinance. This program allows you to take out as much as 85% of the home’s value in the cash out refinance. If you are interested in tapping into your home’s equity, keep reading to learn how the simple process occurs. Compare Offers from Several Mortgage Lenders. Apply for the FHA Cash … [Read more...] about FHA Cash Out Refinance: Step-by-Step Guide

Homebuyers Will See Lower FHA Annual MIP Rates This 2017

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Getting a new FHA mortgage will cost less this year as the agency is reducing its annual MIP rates by 25 basis points. This annual mortgage insurance premium (MIP) reduction, according to the FHA, will help homeowners save $500 a year. Reduced rates will apply to mortgages that closed on or after January 27, 2017. Talk to a mortgage lender near you.» 2017 FHA Annual MIP … [Read more...] about Homebuyers Will See Lower FHA Annual MIP Rates This 2017