http://www.mortgagecreditproblems.com/blog/fha-toughening-guidelines-in-january-better-refinance-now/ Expert Advice & News on Bad Credit Mortgage, Mortgage Refinancing & Home Loans Sat, 31 Jul 2010 00:55:42 +0000 http://wordpress.org/?v=2.3.2 http://www.mortgagecreditproblems.com/blog/fha-toughening-guidelines-in-january-better-refinance-now/#comment-6385 Gina Pogol Tue, 22 Sep 2009 15:56:56 +0000 http://www.mortgagecreditproblems.com/blog/fha-toughening-guidelines-in-january-better-refinance-now/#comment-6385 You do not have to have an FHA mortgage to refinance. If you have a bad credit or sub-prime home loan, an FHA refinance can save you a lot of money. But guidelines are tightening up every day, so sooner is better than later unless you have a recent bankruptcy or foreclosure on your record. FHA streamline refinances are limited to those who currently have an FHA loan. The premise is that since FHA is already on the hook for your loan it makes sense for it to approve lowering your rate regardless of your financial situation. But you need to act fast. You do not have to have an FHA mortgage to refinance. If you have a bad credit or sub-prime home loan, an FHA refinance can save you a lot of money. But guidelines are tightening up every day, so sooner is better than later unless you have a recent bankruptcy or foreclosure on your record. FHA streamline refinances are limited to those who currently have an FHA loan. The premise is that since FHA is already on the hook for your loan it makes sense for it to approve lowering your rate regardless of your financial situation. But you need to act fast.

]]> http://www.mortgagecreditproblems.com/blog/fha-toughening-guidelines-in-january-better-refinance-now/#comment-6384 needs help Tue, 22 Sep 2009 15:53:15 +0000 http://www.mortgagecreditproblems.com/blog/fha-toughening-guidelines-in-january-better-refinance-now/#comment-6384 Do you have to have an FHA loan to refinance with FHA? Do you have to have an FHA loan to refinance with FHA?

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