If you are looking to get a better interest rate on your FHA home loan, and smaller payments, you may benefit from a New Jersey FHA streamline refinance.
FHA streamline refinance allows you to quickly reduce the interest rate on your current New Jersey FHA home loan – generally without the need for an appraisal. This refinance option is considered streamline because it cuts down on the paperwork that must be completed by your NJ lender, which can save you valuable time and money.
New Jersey FHA Streamline Refinancing is available to those who already have an FHA mortgage loan in good standing. This refinancing option is meant to lower your monthly interest payments and lower your overall monthly expenses. Unlike conventional mortgages, NJ FHA Streamline does not offer the option for cash back. For those who are in good financial standing with no significant debt, this refinancing option will help free up extra cash that could be utilized elsewhere.
Cornerstone Mortgage Group is proud to be a New Jersey FHA streamline refinancer. If you are interested in finding out the current NJ FHA streamline refinance rates, please contact us so that we may provide you with a quick and accurate quote on what an FHA streamline refinance can offer your unique situation. As local NJ mortgage lenders, we have several home loan programs available to fit each individual’s unique needs, and can help you into the mortgage loan, and home, of your dreams.
