FHA Improve Refinance - Net Concrete Benefit
FHA describes a net tangible benefit like a reduction of principle, interest, and mortgage insurance
obligations by 5%.
Most FHA mortgage holders typically save a little more than that, but for the benefit
of...
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FHA Improve Refinance - Net Concrete Benefit
FHA describes a net tangible benefit like a reduction of principle, interest, and mortgage insurance
obligations by 5%.
Most FHA mortgage holders typically save a little more than that, but for the benefit
of discussion let s allow it to be easy.
fha streamline loan
For many FHA Home owners, a 5% reduction within their mortgage equates to in regards to a 1.
5%
increase to their own income.
It s true! No one would ignore a raise would these people?
Now let s look in the totals.
There are about $575 Million in outstanding GNMA (Federal government
National Mortgage Association) loans that are comprised of FHA as well as VA mortgages.
If each of the
actual payments on those mortgages were to become reduced by 5%, it would result in aggregate
savings of around $1.
8 Billion per 12 months.
That s $1.
8 Billion back within the pockets of everyday
home owners, instead of sitting within the coffers of banks, bond holders, and Wall Street inv
Less
