FHA Short Refinance

Orange County FHA Short Refi
 


A Short Refinance is where the current lender agrees to pay down the mortgage balance in order to allow the borrower to refinance into an FHA loan at 97.75% loan to value. This benefits the borrower because not only is the principal balance lower on the new loan, but their mortgage payment will also be lower, much lower in some cases. Plus the new FHA program will most likely be a lower 30 year fixed rate. In some cases borrowers will elect to go with a 15 year fixed.

Apply for FHA Short Refinance


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