Sunday, December 16, 2012

FHA Streamline Refinance Question - Zillow Mortgage Advice

Hi.? We have an FHA loan on our home, originally made in July, 2000.? Our interest rate is 7.15%.? Our home is worth about $91000, and we owe approximately $68500.? We have never been late on a payment.? Our existing lender does not offer any sort of refinancing, streamline or otherwise.? I have been talking with a representative from Freedom Mortgage about refinancing, and their offer seems ok.? They can 3.875%, and our payment would drop around $85 per month.? I would rather refinance with a bank, but can't find one willing to do a streamline refinance unless they hold the original loan.? Does anyone have any information about Freedom Mortgage or any advise about other companies I can contact for information?? Thanks in advane.

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10 hours ago - Robertsdale

Source: http://www.zillow.com/advice-thread/FHA-Streamline-Refinance-Question/471350/

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