Asked by Brett, Las Vegas, NV • Sat Jan 7, 2012
I purchased a home in Aug. 2009 w/ a FHA loan. At the time, my parents cosigned on the loan. I would now like to remove their names if possible. I have been considering an FHA streamline refinance, but my current interest rate is 5.25%, and I'm told that I need a higher interest rate to qualify. My #1 goal is just to get the house in my name. If I can lower my payments in the process, that is just a bonus.
Is there any possible way for me to get a streamline refinance? Is anyone out there experienced with this type of refinance that could help me? Thanks!
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