Refinance Your Home Now Or Pay Off Your House

Posted on Oct 7, 2012 in FHA Information

Question by ryan: does fha mortgage insurance cover your mortgage if you cant make a payment?
i just lost my job and i was wondering if fha mortgage insurance would pay my mortgage for a period of time like the Rainy day fund does for private lenders who are enrolled in the program

Best answer:

Answer by jlf
No. It insures the lender against the borrower defaulting on the loan. It does nothing to benefit the borrower.

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Refinance Your Home Now Or Pay Off Your House
You should find out whether you can get a FHA Refinance. “FHA” stands for the Federal Housing Administration. It has programs that allow people who wouldn't otherwise qualify to buy a home with a 3.5 percent down payment, medicine which is very low compared to …
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FHA Streamline Refinance Program Approval Guidelines 2012
If you intend to lower your monthly mortgage payments quickly and save money, FHA streamline refinance mortgage loan could be your most viable option. The only condition is that you should be having a FHA backed or VA home mortgage loan currently …
For more informaiton please visit here…

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