Many people like the cash back loans from FHA because it raises capital they need to finance home improvements and remodeling for fixer-uppers. Consider cash refinancing with FHA because home equity lines of credit are difficult to find these days, because of the high percentage of loan defaults from the subprime mortgage crisis.
FHA mortgage loan quotes are provided by a licensed FHA lender at no cost and there is no obligation.
Today, FHA rates are low so apply for a FHA mortgage now because tomorrow FHA interest rates could rise. If you have the ability to lower your payments by FHA
refinancing, you should seize the opportunity.