Reducing your interest rate on your existing FHA insured home loan is as simple as contacting your Arizona FHA home loan specialist and requesting a streamline refinance. Seriously, if you have an existing FHA home loan and are not delinquent on your mortgage payments you are already qualified for a streamline refinance at today’s lower interest rates. You may have a fixed mortgage or an adjustable interest rate mortgage and you can still qualify for this streamline home loan.

If you want to limit your out of pocket expenses you may request a no cost refinance where the new lender pays the closing costs from their commission. This results in a slightly higher interest rate but keeps you from bringing as much cash to the closing table –if any. Your FHA streamline refinance expert will advise you on how this works.

Arizona home owners are also qualified for these FHA streamline refinances so don’t hesitate to get started today while mortgage interest rates are, once again, at or even below historical lows. The refinance needs to result in a lowering of the borrower's monthly principal and interest payments and cash may not be taken away from the closing table on mortgages refinanced using the streamline refinance process.

Interested in an FHA Streamline Refinance? Contact your FHA Streamline Refinance experts today!