Are homeowners with interest only mortgages eligible for an FHASecure refinance?
Yes, so long as you are current on your mortgage, you are eligible for an FHASecure refinance. If you are delinquent, the default must have been due to the payment shock of an interest rate reset or, in the case of an Option ARM, the “recasting” of the mortgage to fully amortizing.
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Related Topics In This Section
- 1031 Exchange
- Buying a Home
- Construction Defect
- Construction Law
- Eminent Domain
- Eviction
- Fair Housing Laws
- Foreclosure Scam
- Landlord Rights and Duties
- Landlord Tenant Law
- Loan Modification
- Mortgage
- Mortgage Refinancing
- Real Estate
- Real Estate Condemnation
- Rent and Security Deposits
- Rental Agreement
- Tenant Rights
