These latter items are a little more complicated and we would recommend speaking with a Home Loan Expert. In addition, if you're looking to do an FHA Streamline, going from one FHA loan to another for the purpose of changing your term, lowering your rate or both, there's often a waiting period. Finally, there's a minimum equity amount that's required in order to refinance in many cases. Whether this is the case (and the amount required) depends on the type and purpose of the loan. FHA Loan To Conventional Loan This is one of the more common refinance options when it comes to FHA loans for those trying to avoid mortgage insurance altogether. Once you reach 20% equity in your home, there is no private mortgage insurance (PMI), which can serve as a big incentive on its own to refinance. Additionally, conventional mortgages may often come with better rates, depending on your credit score and the amount of equity you have, among other things. In order to qualify to go from an FHA loan to a conventional loan, your DTI should be around 43% or lower to give yourself the best chance of approval.
We have access to multiple, alternative payment solutions that allow our clients to experience tremendous savings over the standard programs currently offered in today's marketplace. High Risk Business Types We understand that businesses are completely legitimate, but may be classified as high risk by the various processors and banks, which can create multiple challenges in finding effective payment processing and the corresponding solutions. Further, we also understand that many people we talk to have just started their businesses and do not have the ability to navigate high risk payment processing alone. This is why we take a very patient and understanding approach to all of our clients and provide VIP service and support from the first moment of our contact with you and through the entire life of your account. Please see below for a sample list of the business types that we are able to work with (and feel free to contact us even if your business doesn't fit into the below categories).