GA Mortgage

Expand the description and view the text of the steps for this how-to video.

Check out Howcast for other do-it-yourself videos from CinemaSlam and more videos in the Home Finance category.

You can contribute too! Create your own DIY guide at http://www.howcast.com/videos/new or produce your own Howcast spots with the Howcast Filmmakers Program at http://www.howcast.com/filmmakers/apply.

If your home has an FHA-insured mortgage, learn how to get a lower fixed-rate FHA streamlined refinance loan.

To complete this How-To you will need:

Current FHA loan documents
Your credit score
A lender
A loan application
Escrow statements (optional)
Closing statements (optional)

Step 1: Find out if you have an FHA mortgage

Locate your loan documents and look for a 10-digit FHA case number to find out if have an FHA-insured mortgage. Your current mortgage must be FHA insured to qualify for an FHA streamlined mortgage refinance.

Tip: FHA case numbers can also be found on escrow account statements and original mortgage closing statements.

Step 2: Contact lender

Contact your original FHA mortgage lender and ask if they originate FHA streamlined mortgage refinances. If they don’t, contact other lenders.

Step 3: Find out your FICO credit score

Find out your FICO credit score, a factor in determining if you qualify for an FHA streamlined mortgage refinance.

Tip: 720 or higher is an excellent score. 660 to 719 is good. 620 to 659 is average. 619 and below is below average.

Step 4: Complete application

Choose a lender and fill out an FHA streamlined mortgage application. Loan approvals are determined by the review and verifications of the private lender.

Thanks for watching How To Streamline Your FHA Mortgage! If you enjoyed this video subscribe to the Howcast YouTube channel! http://www.youtube.com/subscription_center?add_user=howcast

Duration : 0:1:25

Technorati Tags: Federal, FHA, fha insured, fixed rate, HotHowTos, insurance, loan, lower, mortgage, refinance, streamline

6 Responses

1. MrTURBOJOHN Says:
   August 12th, 2010 at 9:53 am

   6th
   Whats the point …
   6th
   Whats the point of telling the number of the coment?
   What th is FHA?

2. dp17197 Says:
   August 12th, 2010 at 9:53 am

   5th
   5th

3. sfshrimp Says:
   August 12th, 2010 at 9:53 am

   4th comment..
   4th comment..

4. metang321 Says:
   August 12th, 2010 at 9:53 am

   He talks as fast as …
   He talks as fast as my girlfriend….

5. 81minuten Says:
   August 12th, 2010 at 9:53 am

   no first
   no first

6. PrehistoricPengy Says:
   August 12th, 2010 at 9:53 am

   second
   second

Leave a Comment