| Throughout the difficult economy that Americans are | | | | quicker you can wrap it up. No need to sit around and |
| dealing with today, we are all looking for ways to cut | | | | wait on the appraiser to visit your house, or your |
| costs, save money, and to make life just a little bit | | | | employment to be verified. Once you have qualified for |
| easier. | | | | an FHA loan, those qualifications carry over to the |
| When it comes to your mortgage, there could be a | | | | new FHA Streamline Mortgage that you are looking |
| simple way to make this happen. | | | | for. |
| FHA currently offers a fantastic mortgage program | | | | 4.) No Income Verification- The fourth benefit of the |
| that very few people are aware of. This program is | | | | FHA Streamline Refinance brings about a voice from |
| called the FHA Streamline Refinance and a wonderful | | | | the past. The "No Income Verification" loan is one that |
| program to tap into in this real estate market. | | | | was a buzz word for a few years and has pretty well |
| Here is a list of 5 benefits that the FHA Streamline | | | | gone by the wayside. But, this does still exist with the |
| Refinance can offer you: | | | | Streamline Refi. Believe it or not, your income does not |
| 1.) No Appraisal - The first benefit is certainly the | | | | need to be verified... so if your income has dropped a |
| greatest benefit. The FHA Streamline Refinance does | | | | little like the rest of the employees throughout the |
| not require an appraisal! Think about how important this | | | | country you can still qualify and tap into the low rates |
| fact is when you consider the local real estate market. | | | | that are in the market today. |
| Many people are unable to qualify for a mortgage right | | | | 5.) No Asset Verification - The fifth and final benefit |
| now because their homes have dropped in value. | | | | that I want to outline for you today with the FHA |
| Luckily, if you qualify for the Streamline Refinance, this | | | | Streamline Refinance is that of no asset verification. |
| will not be an issue for you. | | | | Not only do you not have to worry about your income |
| 2.) Low Closing Costs- The second benefit is one of | | | | being verified, but you will also not be required to |
| the key factors that any prospective mortgage | | | | provide any assets or month of reserves to qualify for |
| shopper will want to know. This is closing costs... how | | | | this program as well. |
| much is this loan going to cost me to step into? | | | | As you can tell, these five benefits can mean the |
| The FHA Streamline typically has lower closing costs | | | | difference between you qualifying for the low rates in |
| than the other programs on the market out there | | | | the marketplace today or not. |
| because they are less work. Simply put, the Streamline | | | | With incomes falling, home values falling, and interest |
| Refinance is the easiest loan product on the market | | | | rates at all time low's... the FHA Streamline Mortgage is |
| today. | | | | proving to be a significant mortgage lifeline for many |
| 3.) Fast Turn Times- The third benefit ties right in with | | | | borrowers throughout the country. |
| number two in that your lender can close this loan very | | | | Do not wait around... get your loan application in today! |
| quickly. Again, the less work a loan involves... the | | | | |