Lower Your Payments the Smart Way
Here are some of the most common reasons people refinance their homes:
- Rates have changed from when you first took out your current mortgage.
- The rate on your ARM is adjusting (loan reset) and your payments are going up.
- Your subprime loan from a few years ago is no longer the best home financing option.
- The loan balance on your Negative Amortization ARM is increasing every month.
- You would like to take some cash out of the equity in your home.
An FHA Refinance is the most popular choice on the market today. With an FHA loan you can:
- Refinance your current mortgage at a very competitive rate with the backing of the Federal Government.
- Avoid foreclosure with the FHASecure program.
- Take cash out of your home equity for home improvements, school tuition, or to pay other bills.
Why is it easier to qualify for FHA loans?
FHA loans have been helping homeowners since 1934. The Federal Housing Administration (FHA) insures your loan, so lenders like us can offer you a better deal with:
- Low down payments
- Low closing costs
- Easy credit qualifying
There are lots of reasons to ask for an FHA loan instead of taking a conventional or an expensive and risky sub-prime mortgage loan. Why not take advantage of the many benefits and protections that only come with FHA:
Easier to Qualify - Because FHA insures your mortgage, lenders like us are more willing to give loans with lower qualifying requirements so its easier for you to qualify.
Bad credit - Even if you have credit problems, such as bankruptcy, it's easier for you to qualify for an FHA loan than a conventional loan.
Costs Less - Many times, FHA loans have competitive interest rates because the loans are insured by the Federal Government. Always compare an FHA loan with other loan types and we can help you compare.
Help You Keep Your Home - The FHA has been around since 1934 and will continue to be here to protect you when the others walk away. Should you encounter hard-times after buying your home, FHA has many options to help keep you in your home and avoid foreclosure.
Whether you have an FHA loan now, or you think an FHA refinance might be an option to consider, FHAExpert can help you make the smart decision that's right for you!