FHA — If you currently have an FHA mortgage, the refinance process can be streamlined, with no appraisal and reduced loan documentation to qualified applicants. VA — Refinance your current VA mortgage into a lower-rate VA loan with a streamlined process. USDA — USDA mortgages provide a low-cost insured home mortgage loan that allows you to refinance your current USDA loan into a new USDA loan with a lower rate.
POINTS TO REMEMBER:
• If you sign a contract with a potential buyer, you take your home off the market for a time. • While you’re under contract, you run the risk of the buyer’s financing being rejected. You also risk losing other potential buyers. • A better way is to prequalify your buyer before you sign a contract. The author of this book can help you with that for free and can even assist your buyer in finding the right source for a loan.
Powered by FlippingBook