Asked by Amygdala, Phoenix, AZ • Sat Nov 14, 2009
I'm aware of the changes to be implemented 11/17 and I'm not certain exactly how much equity needs to be established.
We have been in our home 1 yr./1mo. (closed 10/15/08) with a 30 yr. fixed at 5.875. (Original loan amt. 129,000-- we are at about 127,500 presently). One recent offer was for a 5.5 fixed refi that would lower our payments about 29.00 (which I'm not sure falls into the 5% less than current payment stipulation). I'm not worried about the payments at all (no lates or any financial turmoil).
I just want to get the lowest rate possible utilizing the current FHA streamline process and with minimal or no closing costs and fees. Please advise.
Real Estate in Tolleson
Popular Categories in Tolleson
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!