A Streamline Refinance can be used to refinance an investment property or a loan that was assumed under the assumption program. ... This premium is determined by subtracting the FHA MIP refund on the old loan from the amount of new (MIP) to be financed allowing for the appropriate refund ... A temporary buydown is not allowed under the cash out guidelines, and qualifying ratios are a strict 29/41.
|Title||:||The Practical Guide to Loan Processing|
|Author||:||Thomas A. Morgan|
|Publisher||:||Lulu.com - 2006-01-01|