Financing in 91701>Question Details

Cristina, Home Buyer in Long Beach, CA

I see great packets for folks who want to refi--streamline, FHA, etc

Asked by Cristina, Long Beach, CA Mon Mar 4, 2013

IS it true if you are not under water and have good credit, you don't get these deals and have to pay for closing costs ?

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No it's not true. Any competent loan officer can structure a refinance for you so closing costs are covered. Notice I don't say "no closing costs" because that's impossible. There are always costs to a refinance, it's just a question of how they are paid for. The rate and fees for an FHA streamline are no different for someone upside down than they are for someone who is not. In fact, if you are not upside down you may have better options than a streamline that may include removing the mortgage insurance. Please contact a licensed California Loan Originator.
Web Reference: http://WeFixRates.Com
2 votes Thank Flag Link Mon Mar 4, 2013
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