Guidelines for an FHA Streamline

Guidelines for an FHA Streamline

With all the talk of how attractive the interest rates are for purchasing a home, there is one point we have overlooked – the ability to refinance your current home loan. And with the recent market recovery, property values are finally on the road to positive equity. There are many benefits to a loan refinance and I would like to share with you the guidelines for an FHA streamline:

• Loan must be FHA insured prior to 5/31/2009 to be grandfathered into old monthly mortgage insurance of .55% vs. current 1.25%. Mortgage insurance premium is .01% (virtually nothing) vs. current of 1.750% of the loan amount
• No Income Qualifying, must, however verify employment
• No Appraisal Required
• No Closing Cost Options
• No More than 1x30 day late in last 12 months on mortgage
• Skip a Monthly Payment

If you or someone you know may benefit from an FHA streamline refinance, I would like to refer you to an excellent loan officer who can assist you. Jon Tobias with Nova Home Loans and his team have over thirty years combined experience in the mortgage industry. Jon has consistently been in the top of his industry as a mortgage consultant, per the Scotsman Guide.

Nova Home Loans offers a wide variety of loan products to choose from, attractive interest rates and an established reputation for successfully closing loans. Ultimately, what makes Jon’s team so special is their commitment to what really matters to their clients – communication, integrity and timeliness. Their goal is to make every transaction as simple and clear for everyone involved. You can reach Jon Tobias at 480-626-2202 or visit him online at www.tobiasteam.com.

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4th of July Give-Away

4^th of July Give-Away 

It’s hard to believe the 4^th of July is right around the corner! As a way to say THANK YOU for the opportunity to work with all my wonderful clients, I would like to offer a small gift as a token of my appreciation – and I think we should have a little fun while we are at it!

The 4^th of July is a great time to cook-out with family and friends and a new grill set is a perfect way to get the party started. So, this year on 4^th of July, I will be giving away a BBQ Grill Tool Set to one lucky winner! But in order to win, I need the answer to the following riddle:

What force and strength cannot get through,

I, with a gentle touch, can do.

And many in the street would stand,

were I not a friend at hand.

To enter an answer, please send an email to Luisa.Ramirez@remax.net. Make sure you visit my Facebook fan page for clues to the answer. All responses received will be entered to win and the winner will be announced on July 1^st. Good luck! Luisa


RE/MAX Professionals
623-687-7827
Luisa.Ramirez@remax.net