Did you know that if your existing mortgage is FHA on your investment property, that it may qualify for an FHA streamlined refi?
Here’s the scoop for a non-owner occupied FHA streamlined refi:
Refinancing isn’t just about lowering your rate — it’s about improving your overall financial strategy.
In this section, you’ll find educational resources explaining when refinancing makes sense, when it doesn’t, and how to evaluate your break-even point. Whether you’re considering a rate-and-term refinance, cash-out refinance, HELOC, renovation mortgage, or reverse mortgage, understanding the numbers and long-term impact is critical.
Topics covered include:
- “Should I refinance?” scenarios
- Cash-out strategies for remodeling or debt consolidation
- Home equity planning
- Recasting and re-amortization
- Renovation loans and ADU financing
- Refinancing with a second mortgage
My approach is always low-pressure and analytical — we look at the math, your goals, and your timeline before making any decisions.
If you’re a homeowner in Washington State wondering whether refinancing could improve your situation, start here.
Comparing Closing Cost
October 11, 2012 by Leave a Comment
Sometimes I see quotes from competitors that befuddle me. This morning, a home owner in Maple Valley asked me to review their FHA streamlined refinance quote that they received from a big bank.
The great big bank not only has a much higher interest rate, but their closing cost are also more expensive. In fact, when I review the closing cost, it makes me wonder if the loan officer has originated many FHA loans.
Here are the bank’s closing cost for an FHA streamline refi… [Read more…]
The Family Opportunity Mortgage Refinance
August 14, 2012 by 17 Comments
Cheerful woman with family standing in back yard
I’ve written about the Family Opportunity Mortgage for purchases where certain circumstances allow one to obtain a mortgage for a family member who is either a student in college, a disabled adult child or an elderly parent. The Family Opportunity Mortgages allows financing to be treated as a primary residence instead of an investment property as long as the scenario meets certain guidelines. The Family Opportunity Mortgage is a Fannie Mae/Freddie Mac program that is also available for refi’s! [Read more…]
