September 22nd, 2010 10:46 AM by Kathy Delbridge
If you have an existing FHA loan and have been considering refinancing via an FHA Streamline loan, you need to be aware of the changes that will be taking place, effective OCTOBER 4, 2010.
NOTE: When executing an FHA Streamline, you have to be able to lower your Total Payment by a 5% reduction - these new changes will have a affect on this.
And, if you are Real Estate Agent or a potential homebuyer that plans on using FHA financing to secure your new home loan, this is valuable information for you as well.
Click on the following link for more details. I have put this information in an easy to read format ( print if off for future reference if you need to).