Myths And Facts Of FHA Refinance

Everyone is talking about FHA refinance.

Powerful Reasons For FHA Refinancing

Despite the myths surrounding FHA, there are powerful benefits to refinancing with FHA mortgage loans.

In my opinion, the greatest benefit to FHA refinancing is that FHA home loans are more forgiving to less than perfect credit. So don't let credit problems stop you from pursuing an FHA refinance.

Very little equity in your home is required, important if your home appraises lower than you expected. If a low appraisal is preventing you from refinancing, consider an FHA refinance.

And how about this? Cash-out refinances go as high as 95% of your home's value. Now that's generous!

FHA Closing Costs - Myths And Facts

Get the inside scoop on FHA closing costs, myths vs. facts...

• Myths Regarding FHA Closing Costs
  1. Myth-> Streamline FHA refinance means no closing costs
  2. Myth-> No out of pocket costs mean no closing costs
  3. Myth-> No upfront expense equals no closing costs
  4. Myth-> No points are the same as no closing costs


• Facts Regarding FHA Closing Costs
  1. Fact-> FHA refinancing does have closing costs
  2. Fact-> Possible to refinance without upfront cost
  3. Fact-> Possible to refinance with no out of pocket cost
  4. Fact-> Closing costs can be financed using higher rates
  5. Fact-> Loan amounts can include closing costs

Unlock The Code To FHA Requirements

Sure, I know if this is the first time you've heard of FHA it can seem a bit daunting. But you can do this!

To unlock the code of FHA loan requirements, use my easy FHA eligibility calculator.

Ask Kate Questions

What if you could ask a mortgage insider anything you wanted regarding the FHA loan program? Now you can. Contact Kate is specifically designed to answer your questions and create dialog regarding mortgage financing.

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