Houston Home Loans Specialist Reviews the Effects of FHA Streamlining
Churchill Mortgage Corporation is offering their two cents on the new Federal Housing Authority (FHA) Streamline Refinance initiatives.
The FHA Streamline Refinance initiatives, which came into effect last June 11, provide a 99% discount off of the pre-June 11th upfront mortgage premium as well as a .55% discount from the pre-June 11th Mortgage Insurance Premium (MIP) rate of 1.1% for those who qualify. Churchill Mortgage reported a 540% increase in FHA Streamline Refinances last July compared to the same month last year.
Refinancing, as the word implies, allows homeowners to "re finance" their loans. The goal is for better loan terms and lower interest rates. As a government institution, the FHA also provides refinancing services. FHA refinance loans offer homeowners the opportunity to tap into their home equities and use those funds for more urgent needs.
Churchill Mortgage is among the companies urging their customers to take advantage of FHA's new streamlined process. Founded in 1992 by banker Mike Hardwick, Churchill Mortgage provides home and refinance loans to people in various states, including Texas. They also enable individuals to obtain financing from other affordable sources.
Their Houston office offers a wealth of online resources on home loans, refinancing, and debt consolidation. Their blog, online calculator, and free reports may be accessed for free at Houston.ChurchillMortgage.com. These resources can help any prospect and current homeowner to learn more about his or her mortgage in Houston and make informed financial decisions accordingly.
Churchill Mortgage encourages local residents to contact them for their FHA loan concerns. Visit them online at Houston.ChurchillMortgage.com to learn more.
About Churchill Mortgage Corporation
Since 1992, Churchill Mortgage has been offering conventional, FHA, and VA residential mortgages. They concentrate on finding the right loan products for their customers and to helping clients make the right choices on their finances. Call them at 877-466-3550 today.
###
Tag Words:
mortgage houston, houston home loans
Categories: Finance
Press Release Contact
Pkwy, Ste. 200, Houston, TX
Pkwy, Ste. 200, Houston, TX
Press Release Options
Visit Web Site
Printer FriendlyAbout This Press Release
If you have any questions about this press release, please contact the listed publisher. Please do not contact prHWY as we cannot help you with your inquiry.