The Federal Housing Administration, or FHA, is one of the most important mortgage institutions in the country. Founded as part of the National Housing Act of 1934, this organization was one of the many expansions made by President Franklin D. Roosevelt as part of the “New Deal,” a sweeping legislation that sought to ease the Great Depression.
Making mortgage decisions can be tough. There are many variables and numerous factors involved, and making the right decision can seem complex and confusing. It helps to understand whether or not you are the ideal borrower for an FHA loan. In this article, we’ll look at a few indicators that might demonstrate that you are an ideal candidate for an FHA Streamline Refinance.
FHA Streamline Refinancing is the fastest way to refinance an FHA home loan. While this type of refinancing has a variety of upsides, it also has certain disadvantages as well. In this article, we’ll examine both, in order to help you decide if an FHA Streamline Refinance could be a good fit for your individual needs.