Massachusetts FHA Mortgage Refinance & FHA Streamline Programs

   
The Federal Housing Administration offers a number of federally insured mortgage programs to American citizens wanting to purchase or refinance a home. With rising interest rates and an unstable economy, many homeowners are turning toward FHA Refinance and FHA Streamline programs.
At NewFED Mortgage Corp., we are mortgage refinancing experts. As an FHA Approved Lender, we can advise you on whether or not FHA Refinance and FHA Streamline Programs are the right choice in your situation. Call Cliff Carroll directly at 508-771-2000 for more information and and free qualification interview.
Why Refinance Your Home Loan?
Mortgagees choose to refinance for a number of reasons. Often, mortgagees choose to refinance to lower their monthly repayments or use the built-up equity in their homes to get cash back. Refinancing can also allow homeowners to cash-out a significant portion of their home's value up to 95% in certain circumstances. Whatever the reason, refinancing a mortgage usually results in a more comfortable financial arrangement for the homeowner.
Refinancing with an FHA Insured Refinance Program
Refinancing a mortgage with FHA Refinance and Streamline Programs can be an easier and more viable option for many homeowners. There are many benefits to FHA Refinance and Streamline Programs, including more flexible lending requirements because an FHA Loan is federally insured against default.
FHA loans offered through the FHA Refinance and Streamline Programs will be available at low, competitive interest rates. Additionally, FHA loans are available to those who have less than perfect credit, or have experienced bankruptcy.
FHA Streamline Refinance Programs
You don't have to have an FHA insured loan to benefit from the FHA Refinance and Streamline Programs. However, if you do already have an FHA insured loan, you can take advantage of a FHA Streamline refinance loan. A streamline refinance loan refers to a significant reduction in the paperwork required to obtain a refinanced FHA loan.
The benefits for the FHA Streamline programs include a no-cost interest rate reductions program, the possibility of no income or credit qualifications and easy switching of the loan term and type.
Get the Right Advice Before You Refinance
Not all lending companies can offer FHA Refinance and FHA Streamline Programs. The good news is that NewFed Mortgage Corp. can, and we're specialists in doing so. Nothing makes the refinancing process easier than talking to a qualified mortgage professional. Our team of FHA Refinance and FHA Streamline Program experts is ready to answer all of your refinancing questions.
Please put my 30 years of mortgage lending experience towards helping you solve your FHA purchase and refinance needs.

 Call any day of the week at 508-771-2000 or email your questions to ccarroll@newfed.com

Best regards,

Cliff Carroll

Vice President 
 

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