FHA Streamline Refinance Las Vegas, NV
If you have an FHA loan on your primary residence, you are in luck! FHA loans have a little known streamline refinance feature that most Las Vegas homeowners are unaware of. This streamline refinance feature will allow you to capture today's LOWER RATES on your FHA loan without re-qualifying you or your property
You may be saying to yourself, "I can not refinance my Las Vegas property because I am upside down & I lost my job!" The great news is that it DOES NOT matter what the current value of your home is & if you have a job. Why? When you first qualified for your FHA loan, the lender checked your income, assets, and value of your Las Vegas property. Per the terms of your FHA loan, you have already gone through that drill once; you should not have to go through that again if the new FHA rate will lower your payment and better your financial situation.
The only stipulation that FHA requires is that you have not been more than 30 days late on your FHA loan payment in the last year. Other than that you are good to go! You simply take the lower rate and if you find the right lender you don't have to bring in any funds at closing. Oh ya, and you get to SKIP a mortgage payment!
Does this sound to good to be true? Trust me, it's not! I have several close personal friends that have already completed this FHA Streamline Refinance on their Las Vegas homes. They have reduced their interest rates and payments and got a break for a month! They are ecstatic! As if I have not delivered enough great news to you, if rates drop again, you can do it all over again! So you do not have to worry about trying to time your FHA streamline refinance when rates are at their lowest.
IMPORTANT NOTE: It is imperative that you contact an honest, reliable lender that WON'T rack up the rates, fees, and costs. If you choose the wrong lender you may end up taking an unnecessarily higher rate and it could cost you extra money that you do not need to be charged. If you need the referral of a good lender with great FHA rates and low lender fees just let me know.
FHA Streamline Refinance Highlights:
- No New Appraisal
- In many cases, a new credit report is not necessary
- No Income or Asset Verification
- Skip a Mortgage Payment Once Complete
- Must Not Have Been 30 Days Late on Your Payment in the Last 12 Months
- In Many Cases, Little to No Cash to Close
- If Rates Drop Again, You Can Do It All Over Again
Renee, the photo really draws you right in. Good job to get people to notice some important information.
The upside down picture represents so much. I have grown weary of this market ;)
JP, thank you for your comment but I will be deleting it. If you refuse thousands of people per month because of the guidelines you must adhere to, please allow me to have this lender to contact you so at least you can send some business his way.