Tuesday, December 2, 2008

Refinance Tools

What is happening today in mortgage lending:
The current rates will bring a lot of Refinance business: Here are some tools that should help you
FHA
FHA has four worksheets you need when you refinance a loan. Choose between them for your scenario. These links are also on my blog in the FHA Menu on the left hand side of the screen under forms.
No Cash-Out/Non Streamline – Refinance Maximum Mortgage Worksheet #1
Cash-Out/Non Streamline - Refinance Maximum Mortgage Worksheet # 2
Streamline Refinance Without Appraisal - Maximum Mortgage Worksheet # 3
Streamline Refinance With Appraisal - Maximum Mtg. Worksheet #4


VA
VA has a chart that can help you decide which Refinance option is best for your loan.
VA REFINANCE MATRIX

Once you decide if IRRRL is your option are Jumbo you need one of these work sheets

INTEREST RATE REDUCTION REFINANCING LOAN WORKSHEET
I can send you a copy of the Jumbo worksheet


Shirley Nault has been a mortgage professional for over 20 years. Visit her other mortgage web sites go to: www.naultfhatips.blogspot.com or www.dutips.blogspot.com/em>>

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