Sunday, October 12, 2008

Where Can I Get Info on the FHA SHort Refinance?

There is a great deal of information on the net on the FHA Short Refinance these days. This is from teh Hope for Homeowners program and I would like to know how many people have done a short refinance thru FHA since the program's inception. Please post a comment to this blog to see if your FHA short refinance closed successfully.

People are saying there are problems withg the lender and the refinancing with a short payoff. The FHA may allow the lower payoff and the refinance and that is when the payment history stinks. What happens when the payment history is good? The lender will not allow the short refinance because the payments are on time. This is the problem with the FHA short refinance.

Please post a comment and let me know your experience with this new FHA program. Thanks!

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