fha refinance, fha mortgage refinance I am a craigs list addict, and I recently saw a few postings under the realtor section for my town for brokers asking for loan officers who had FHA refinance experience. Now that the real estate market has tanked and the mortgage crisis is upon us, lenders are going back to FHA mortgage refinance programs as ways to let people obtain refinancing at better rates, and even with black marks on their credit reports. Most FHA mortgage refinance programs have slightly looser lending terms than conventional refinancing, so if you need to refinance, look into an FHA refinance which may save you money monthly. Lenders like the FHA programs because the loans are guaranteed by the government in case of default.

Now brokers are scrambling to find loan officers who are familiar with generating these FHA refinance loans in order to boost their business, and get people into these loans that benefit all. Since they are backed by the government, lenders do not have to worry, and people who take out the FHA refinance loan may get an interest rate a few points below other loan types. It is a win-win situation, and if more people had gotten FHA loans in the first place, chances are we would not be in this mess right now.