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FHA Streamline Refinance vs. Regular

Started by uws10025
about 17 years ago
Posts: 3
Member since: Mar 2009
Discussion about
I bought a co-op in '07 (hindsight is 20/20) and I'm going to refinance. I seem to qualify for a streamline refinance since my loan is backed by Freddie. My loan servicer is telling me that the closing costs will be higher with the streamlined refinance. I'm a little skeptical. He said something about having to pay 1.5% of the loan for insurance? Any advice? Thanks in advance.

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