Posted on: 10th Oct, 2012 01:02 am
I have an FHA since 2008 with an interest rate of 6%. I am never late in making payments and would like to streamline as it will lower my payments. Since I am with B of A thought it would be easier to use them. After a month of waiting to hear back from them I called the loan officer over and over he finally took my call. He stated my credit score did not qualify for a streamline with them. I was stunned. My scores range from 677 to 702. Dealing with B of A was terrible. He would not return calls it was only after a threat of taking my streamline elsewhere did he finally give me 3 loan quotes. Anyway, I would really like to go on and complete my streamline. Should I contact other lenders?
Hi Karrey,
You should definitely contact other lenders and get loan quotes from them. This will help you know where you can get the lowest possible rates and good terms. Then you can take the right decision regarding your loan.
Thanks,
Jerry
You should definitely contact other lenders and get loan quotes from them. This will help you know where you can get the lowest possible rates and good terms. Then you can take the right decision regarding your loan.
Thanks,
Jerry
Hi Karrey!
Welcome to forums!
This community has a large number of lenders. You can seek a no obligation free mortgage quote from them and get to know as to what type of rates and terms you will qualify for.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
This community has a large number of lenders. You can seek a no obligation free mortgage quote from them and get to know as to what type of rates and terms you will qualify for.
Feel free to ask if you've further queries.
Sussane
If your FHA loan was insured by FHA prior to May 31, 2009, then the streamline refinancing program is phenominal!!!!!!
If you have not yet refinanced, do so immediately.
I can refer you to someone, but, need to know what state the property is in.
If you have not yet refinanced, do so immediately.
I can refer you to someone, but, need to know what state the property is in.
Karrey - if you have not started the streamline process feel free to give us a call. We are extremely competitive on FHA streamlines.