We’ve lived in this house for two and a half years and 5 months ago got an FHA refinance .
Read the original post:
What Happens If We Rent Out Our Fha Refinanced Home? | FHA …
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HSH spent quite a bit of time thinking about underwater borrowers and developed our own concept to help these borrowers refinance their mortgages. We think it's a program that is fair to homeowners, taxpayers and lenders/investors as well. ... 1) Penalizing lenders: The FHA short refi plan financially penalizes lenders, requiring them to reduce borrower principal out of their own pocket by at least 10%. Our program never requires lenders to put up their own money, ...