30 year fixed rates for FHA loans continue to fall to 45-50 year lows. The 30 year fixed rate is in the low 5% range. Did you you know that if you have a FHA loan you can do a streamline refinance without an appraisal, income documentation or credit report? For a very low cost you could drop you rate into the 5% range and fix it for 30 years.
Also, if you need to pay off any high rate bills, car loans, etc…you can do a FHA cash out refinance and pay off all these higher rate bills and put them into your mortgage at a 5% range 30 year fixed rate. And now the interest becomes tax deductible.
Give me an email today at rob@affinity-financial.com and we can analyze your situation today.
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