What is a Rate Reduction?
HUD has permitted homeowners to lower the interest rate on FHA & VA insured mortgages since the early 1980’s. The “streamline” refers only to the reduced underwriting requirements and the minimal documentation that the borrowers need to supply the lenders. This does not mean that there are no costs involved in the transactions. Some streamlines have costs involved that the borrowers must add to their loan balance or pay out of pocket.
We specialize in a special streamline program called a “Streamline Rate Reduction“. This program allows borrowers to get lower interest rates, WITHOUT adding the actual fees to the principal loan balance. Compare our Streamline Rate Reduction Program to popular FHA refinance options.
How can the Streamline Rate Reduction Program save you money?
There are many fees that are typically associated with refinancing. Unlike typical refinances, our program requires no upfront fees, no appraisals, no inspections, minimal documentation and… we will pay ALL of the settlement charges. You can receive a lower mortgage payment WITHOUT adding unnecessary fees to your loan balance. See the example below: