If you are a New York or Connecticut homeowner with a FHA Mortgage, the possiblities of Homerica Mortgage Corporation helping to refinance another FHA Mortgage has opened up dramatically in the last several months! In some cases, a full appraisal or income documention are not needed to qualify.
In addition, FHA Streamline Refinance will allow your mortgage balance to be higher than the value of your home. Also, know as “being underwater.” In some cases, FHA Streamline Refinace lenders will allow the Loan to Value Ratio to be as based on the price of the home when it was purchased with out needing an appraisal.
Even more good news is that the mortgage insurance premiums are decreasing for those folks applying after June 11, 2012. The Upfront Private Mortgage Insurance was 1.00% of the mortgage amount which was due at closing. After June 11,2012, the Upfront Private Mortgage Insurance due for FHA Streamline Refinances will only be 0.01% of the loan amount! The monthly mortgage insurance percentages are also decreasing.
If you live in New York or Connecticut, give us a call at 877-451-3100 or use our Contact Us page to inquire about our low interest rates.
“Thank you Mary and Homerica Mortgage corporation for completing the process in a timely manner” FHA Streamline Refinance Customer, Waterbury, CT August 2012
Mary P. Boyle – Mortgage Loan Originator
Homerica Mortgage Corporation – Your first choice for mortgages in New York and Connecticut