whats the difference between an FHA refinance and a conventional refinance?
If you are considering to refinance your current home and debating between a conventional refinance and an FHA refinance you may consider the many money saving benefits of an FHA refinance before you make your decision. By choosing FHA refinancing, you’ll be enjoying more attrative interest rates over a conventional refinance, as well as lowering your monthly payments. Even if you do not qualify for a conventional refinance, you may still qualify for an FHA refinance due to less rigid qualification guidelines. By lowering your interest rates and monthly payments, an FHA refinance can help you save your home from foreclosure or give you financial security in the downed economy. Not only will you be able to save money with an FHA refinance, you’ll be able build security for your family.
