More federal refinancing help for homeowners with FHA loans
As many as 3 million homeowners may be able to refinance into lower-cost loans under a new federal housing program, even if they owe more on their loans than their homes are worth.
The Federal Housing Administration announced Tuesday it would slash mortgage-insurance premiums for certain homeowners who refinance an existing FHA loan into a new one, under the streamlined program.
To qualify, a homeowner must be current on a mortgage taken out and insured by FHA before June 1, 2009. Current means no more than one 30-day late payment in the past six months and no more than two such late payments in the past year.
By the time spring arrives, the last thing most of us want to do is to spend a weekend cleaning the place we’ve been cooped up in for several months…
Are you thinking green this Spring? Not only can energy efficient windows, doors and skylights reduce energy bills they can also reduce your federal tax load!
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