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Who is
eligible for a streamline refinance?
FHA
-
The mortgage to be must already be
HUD insured
-
The mortgage should be current (not
delinquent).
VA
-
The mortgage to be must already be VA
insured
-
The mortgage should be current (not
delinquent).
Is an appraisal required?
No, not unless you choose the
streamline with appraisal option.
Do I need to provide W-2's, tax
returns, check stubs or other income documents?
No, not unless you are requesting cash
out. You do not need to income qualify for a
streamline refinance.
Do I
need to send in my bank statements or account
statements?
No, not unless
you are requesting cash out. You do not need to
document assets for a streamline refinance.
How long
before I know what my new payment and rate will be?
Usually the same
business day you fax your documents in to us.
When do I
sign my new loan papers?
After your new
title policy is ready, usually 10 to 14 days
Where do I
sign my new loan papers?
Usually the same
title company or title attorney where you signed your
paperwork when you purchased your home..
Can I be
turned down?
Generally not if
you have made your house payments on time and are not
in a bankruptcy. |
