FHA Refinance
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Lower your rate, shorten the term of your loan, or take cash out from the equity in your property with an FHA Refinance
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Shorten your term from a 30 year to 20 or 15
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Use the equity in your home to take cash out to be used for upgrades, repairs, or just extra money
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Available for High Balance loans
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Up to 97.75% Loan To Value (LTV) for a rate/term refinance
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Must have made at least six (6) payments on existing FHA Loan
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As low as 580 FICOs ok
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Upfront and monthly Mortgage Insurance (MI)
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To refinance an existing FHA loan with a no appraisal loan, you may be interested in an FHA Streamline Refinance Loan.
If you are looking to remove Mortgage Insurance, consider a Conventional Refinance. No MI is required on LTVs below 80%. Additionally, If the LTV on your loan is 80% or higher when your loan closes, your MI can be canceled once it drops below 80%.