You can choose from one of the 3 easy
ways to refinance.
No cost option:
Under this
option, you can refinance your mortgage with us without
having to pay for any fixed closing costs such as
| Title search |
| Attorneys fees |
| Application fees |
| Appraisal costs |
| Points |
Your lender absorbs the costs of
these fees for you. The rates for this type of
streamline are higher than the other options.
Streamline with appraisal:
With this option you can roll in all
of your allowable closing costs to the new loan amount
| A new FHA appraisal is done |
| Your new loan is subject to the
new appraised value |
| You may roll in costs |
| You may take cash out |
| You may roll in the funds for your
new tax & insurance escrow |
| You will receive a refund check
for your current escrow balance |
| You may receive a MIP refund from
HUD |
|
Get Started Now |
Streamline without an appraisal:
With this option you can roll in all
of your allowable closing costs to the original loan
amount when you purchased your home
| You may roll in costs up to your
original loan amount |
| You will pay remaining costs and
escrow at close in cash |
| You will receive lower rates than
the no cost option |
| You will receive a refund check
for your current escrow balance |
| You may receive a MIP refund from
HUD |
|
Get Started Now |
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