• FHA Streamlined Refi. If you have an FHA loan that was endorsed on or before May 31, 2009, (call to confirm) and you’ve made the last 12 months of payments on time, you may be eligible to refinance for less. Beginning June 11, FHA’s Upfront Mortgage Insurance premium will be reduced to 0.01% and the annual fee cut in half, to 0.55%. The move could save FHA borrowers an average of $3,000, according to the Department of Housing and Urban Development. Call to discuss qualifications.
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