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2. Looking to refinance your FHA mortgage? Make it easier and ...

   www.aol.com/finance/looking-refinance-fha...

   Hold a government-back mortgage: In addition to FHA-backed loans, mortgages backed by the U.S. Department of Agriculture’s (USDA) or the Department of Veterans Affairs (VA) also qualify.

3. 6 Things You Need To Do When Considering a Government ... - AOL

   www.aol.com/6-things-considering-government...

   A government-backed refinance is when you refinance an existing mortgage with a new loan guaranteed by a government agency, including FHA, VA and the USDA. Here’s more about the refinancing ...

4. How much equity do you need to refinance? - AOL

   www.aol.com/finance/much-equity-refinance...

   This also helps you avoid private mortgage insurance payments on your new loan. FHA refinance: For FHA cash-out refinances, mortgage lenders prefer you to have 20 percent equity remaining after ...

5. Home Affordable Refinance Program - Wikipedia

   en.wikipedia.org/wiki/Home_Affordable_Refinance...

   The mortgage must have been acquired by Freddie Mac or Fannie Mae on or before May 31, 2009. The homeowner must not have a previous HARP refinance of the mortgage, unless it is a Fannie Mae loan that was refinanced under HARP during March–May 2009. The homeowner must be current on their mortgage payments, with no (30-day) late payments in the ...

6. 4 ways to get equity out of your home — and what to know ...

   www.aol.com/finance/how-to-get-equity-out-of...

   Requires appraisal and closing costs of 2% to 5% of your loan amount. A cash-out refinance is a type of mortgage loan that replaces your current mortgage with a new, larger mortgage and allows you ...

7. Streamline refinancing - Wikipedia

   en.wikipedia.org/wiki/Streamline_refinancing

   Streamline refinancing has become more popular because reuse of the original home's appraisal may be the only way someone underwater on the property can refinance it at all. [2] Streamline refinancing is an option for borrowers who want to take advantage of low interest rates, get out of an adjustable rate mortgage (ARM) or graduated payment ...

8. Housing and Economic Recovery Act of 2008 - Wikipedia

   en.wikipedia.org/wiki/Housing_and_Economic...

   The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.

9. Guide to refinancing an FHA loan to a conventional loan - AOL

   www.aol.com/finance/guide-refinancing-fha-loan...

   The average time to close a conventional refinance loan was 43 days as of May 2024, according to ICE Mortgage Technology. How to refinance from FHA loan to conventional loan Step 1: Determine why ...