One of the issues for refinancing is equity nationwide.  Fha has a Streamline Refinance Option and many other Government Home Loan Programs do as well.  No Appraisal Required and if you have a second mortgage above the current value of your home you can still refinance.

Last week rates dropped to 5% and below for Streamline Refinances on USDA and Fha home loans.  For a 4 hour period we were able to lock 2 million in volume and we even paid 100% of the closing costs associated with the loan.

Many clients waited and lost out on the no cost option.  There is no reason to catch the absolute bottom of the market if the lender is paying the closing costs.  You can catch a low rate and a few months down the road if rates fall further you can refinance again.

I suggest to everyone that if you want a Certified Mortgage Planning Specialist watch your loan you get on the list.  Take action now and when the next 4 hour window arrives you can be sure to lock in.

http://www.RonYarbrough.com

http://www.Getamortgageplan.com