FHA Streamlines

There has been a lot of issues with appraisals these days. It is keeping many people from refinancing to lower rates. That is because you need a little equity based on a new appraisal to finance closing cost. Of course if someone wishes, they can pay them out of pocket. But that doesn't happen often. The reason I bring this up is that if a person has an FHA loan with a rate of 6.5% or higher, we (MIG) can reduce their rate to 5.5% and pay most of the cost for them. And we can do this without an appraisal. So if you know someone like this, it would help them and us if your referred them to me at 777-HOME (4663).