If you have an Appleton FHA Mortgage give me a call. Rates are at an all time low. Visit our website http://www.madisonmortgageguys.com for current Appleton mortgage rates updated daily.
If you currently have an FHA Mortgage, you can "Streamline Refinance" your current mortgage.
What exactly does "Streamline Refinance" mean?
In most cases there is no appraisal required, no income or asset information listed on your application. Most lenders will run at least 1 of the 3 credit agency reports to get your current payment history on your mortgage. While your current credit situation does not matter in doing a "Streamline Refinance" you should not have any 30 day late payments on your current mortgage in the last 12 months. You must be able to supply the lender with a copy of your current NOTE and HUD from your last mortgage settlement.
The following is basic FHA streamline refinance guidelines:
Your FHA mortgage must be FHA insured
Your FHA mortgage must be current
FHA Streamline Refinance Example:
Your Current Loan Amount: $305,000
Your Current Interest Rate: 6.5%
Your Current Payment: (Principle & Interest) $1927.00
New Loan Amount: $305,000
New Interest Rate: 5.5%
New Payment: (Principle & Interest) $1731.00
Your Savings per Month: $196.00
For a Total Savings per Year: $2352.00
Visit our FHA Streamline Refinance page for additional details:
http://www.madisonmortgageguys.com/
Your local Appleton FHA Mortgage Banker:
Toll Free: (877) 240-5810
info@madisonmortgageguys.com
http://www.madisonmortgageguys.com
