Sentences with phrase «sometimes home loan refinancing»

Not exact matches

FHA approved lenders have tightened some of their guidelines, too, so that home buyers and borrowers who want to refinance with an FHA loan now must have a credit score of 620 or 640 or above for most lenders, a debt - to - income ratio of no more than 43 percent and sometimes less, and documented income and assets.

Sometimes, they learn that the value of their home just isn't there, and the lender can't give them a loan to refinance,» he said.

The FHA refinancing option is considered streamlined because it allows you to reduce the interest rate on your current home loan quickly, sometimes without an appraisal.