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The Watercooler
Are there any mortgage-knowledgeable folks in the house?
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<blockquote data-quote="ctmom05" data-source="post: 200307" data-attributes="member: 2901"><p>What are the differences between a FHA refinance mortgage loan and a streamline FHA rehab mortgage refi?</p><p></p><p>We are in the process of going thru our first refi on a fixed 30 year FHA mortgage, after 10 years in the home. Our application has been approved, pending a second appraisal, for a standard fixed 30 year FHA mortgage loan. </p><p></p><p>I just read about something called an FHA Streamiline Rehab mortgage loan. What are the differences between the rehab option and a standard FHA mortgage?</p><p></p><p>Our main goal of refinancing is to secure funds for a new furnace and new interior & exterior doors.</p></blockquote><p></p>
[QUOTE="ctmom05, post: 200307, member: 2901"] What are the differences between a FHA refinance mortgage loan and a streamline FHA rehab mortgage refi? We are in the process of going thru our first refi on a fixed 30 year FHA mortgage, after 10 years in the home. Our application has been approved, pending a second appraisal, for a standard fixed 30 year FHA mortgage loan. I just read about something called an FHA Streamiline Rehab mortgage loan. What are the differences between the rehab option and a standard FHA mortgage? Our main goal of refinancing is to secure funds for a new furnace and new interior & exterior doors. [/QUOTE]
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Are there any mortgage-knowledgeable folks in the house?
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