Submitted by Anonymous on Tue, 06/17/2014 - 21:10
What are the costs for a FHA refinance?
What are the costs for a FHA refinance?
mortgage refinance to lower rate on single family home
1 Answers
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The cost will vary it can be mad up by the savings you get every month
what is your rate now? Rates are around 4% so if you have 4.75% or higher and a sizable loan you should look into your options
The MIP is also something to look at - if you recently purchased then it wont be a big deal - if it was before 2009 then it will be quite a bit higher and may negate the benefit of a refi
Brian Barnes
ENG Lending