Inlanta Mortgage is a mortgage banker serving Wisconsin, Illinois, Minnesota and Florida
We offer first time home buyer, refinance, FHA, FHA 203k rehab loans, reverse mortgages, VA, USDA rural housing, interest only, jumbo, FHA refinance, VA refinance and current mortgage rates updated daily.
Visit us online at http://www.MadisonMortgageguys.com or
http://www.madisonmortgageloans.com
Toll Free: 877-240-5810
Locally Owned and operated! NMLS ID #1016
We offer first time home buyer, refinance, FHA, FHA 203k rehab loans, reverse mortgages, VA, USDA rural housing, interest only, jumbo, FHA refinance, VA refinance and current mortgage rates updated daily.
Visit us online at http://www.MadisonMortgageguys.com or
http://www.madisonmortgageloans.com
Toll Free: 877-240-5810
Locally Owned and operated! NMLS ID #1016
Wisconsin FHA Refinances Still Strong After Recent Changes
Posted 04-07-2010 at 03:57 PM by madisonmortgage
Tags appleton fha loans, madison fha loans, waukesha fha loans, whitefish bay fha loans, wisconsin fha loans
FHA recently changed their upfront mortgage insurance premium. This should NOT keep you from using the FHA program! The FHA changes will help protect the program from disappearing as many mortgage options have in recent times. Even with slightly higher premiums it only amounts to a 0.005% increase in the upfront mortgage insurance premium. This program can still help many homeowners refinancing their mortgage:
FHA Rate and Term Refinance:
FHA refinance mortgage loans give homeowners the ability to refinance any kind of mortgage loan that they now have with an FHA refinance. FHA refinances are becoming increasingly popular with homeowners trying to refinance out of subprime loans. FHA refinance loans have helped many homeowners with depressed home values.
FHA Cash Out Refinance:
FHA Cash out refinance loans provide the flexibility that individuals need to: obtain cash for home improvements or major purchases, pay off high interest rate debt (credit cards, auto loans, etc.) or combine a 1st and 2nd mortgage for a lower payment and fixed rate. FHA refinance loans can lend up to 85% cash out of the home’s value, and you can use the cash however you choose.
FHA Streamline Refinance:
FHA Streamline refinance program is one of the most popular federal rate reduction programs available to homeowners. FHA streamline refinances may not require an appraisal and you may get a refund of some of your original upfront mortgage insurance premium.
For more information on Wisconsin FHA refinance, FHA cash out refinance and FHA purchase loans please visit our site at http://www.madisonmortgageguys.com.
To view additional FHA loans requirements visit our FHA page on our website.
Also view our other Government Loans including VA and Rural Housing.
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Your local Wisconsin mortgage banker:
Dennis Hardy
Phone: 877-240-5810 x104
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com
Visit my blog at http://www.madisonmortgageguys.com/blogs_dennis_hardy/
http://www.madisonmortgageguys.com/blog/content/fha-refinances-still-strong-after-recent-changes/
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