• No Prepayment Penalties.

• Refinance up to 97.75 % of your homes value.

A Lower FHA Interest Rate Means Lower Payments:
If FHA rates have fallen since you originally took out your mortgage, FHA refinancing now may get you a lower interest rate.  FHA refinancing to a lower FHA interest rate means your monthly payments will be lower. Low FHA mortgage payments mean that your saving money. How much your saving depends on the cost of taking out a new FHA loan, how long you plan to staying  in your home, and how much less your paying each month. 

Lower FHA Mortgage Payments With a Longer Term:
Another way to reduce your monthly mortgage payment is to lengthen your mortgage term, which is the length of time you spend repaying it.  You may currently be in a 15 year mortgage. Refinancing to a 30 year FHA mortgage will spread the loan out over a longer time period time making your mortgage payments smaller.

Refinance to Shorten your Loan term and  Pay Less Interest:
Refinancing to a lower FHA loan term can reduce the total amount of interest you pay. With fewer monthly mortgage payments required to repay the FHA loan, each payment will reduce the remaining balance by a larger amount.  As the balance of your mortgage decreases so will your interest charges.Besides reducing your interest costs over the life of your FHA loan, a shorter loan term accelerates the equity build up in your home. By paying your FHA mortgage down faster you'll have a growing source of equity to withdraw from if you need it.

Have Refinancing Questions? Fill out a Quick Response form or (Apply Now).