La Verne Home Mortgage

La Verne home mortgage

The basic requirements of a streamline refinance mortgage are:

¥ The mortgage to be refinanced must already be FHA insured.

¥ The mortgage to be refinanced must be current (not delinquent).

¥ The refinance results in a lowering of the borrower's monthly principal and interest payments. No cash may be taken out on mortgages refinanced using the streamline refinance process.

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Sunday, July 20, 2008