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how to change to an FHA mortgage

Posted on: 15th Jan, 2010 09:16 am
presently,i am in the obama mortgage modification program to get my home out of foreclosure--now, how can i refinance to get an fha mortgage?
Hi tutmis,

You'll be able to refinance the loan provided you've equity in the property. As you are in a modification process, I don't think there is any equity in the property. Thus, it'll be difficult for you to qualify for a refinance.

Thanks
Posted on: 15th Jan, 2010 11:17 pm
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