Sreamline Mortgage Question?

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How much in closing cost should I expect to pay when refinancing to a streamline mortgage. We are staying with the same loan company so my escrow count will be rolling over. The current balance on my house is 155k and we will be going down a full percent on the new loan.

Sreamline Mortgage Question?

using the term streamline u r either refi ing with countrywide or north american or a streamline fha these are the 3 lenders i have heard use the term "streamline" u should be able to do this with as little as 1% of the loan amount in closing costs if u r working with the lender directly, if u r working through a mortgage broker, u r throwing money out the window, so which is it. lol gl

Sreamline Mortgage Question?

a ball park guestimate of the cost to borrow in your case is about 2% of the amount you are borrowing.

Sreamline Mortgage Question?

All mortgage loans are not created equal. If you are looking for a loan, you have probably discovered the array of loan types and options. It can be confusing forthe first-time borrower<!--and even for those with more experience! Here, we will discuss the different types of loan options, and how they work.

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First, there are two main broad categories of mortgage loans: government loans (FHA, VA, and RHS, or Rural Housing Service loans) and conventional loans (all other loans). In general, government loans have low or no down payment requirements for the purchaser-->and are easier to qualify for than conventional loans. They are also guaranteed to the lender, which allows the borrower to obtain more favorable loan terms.

Sreamline Mortgage Question?

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