July 26, 2010
FHA Short Refinance Lowered My Payments
A few years, ago we bought a home that we could not really afford. It was when everyone else was buying these big monster homes above their means, and we jumped on the band wagon. Now that reality has set in and many of our friends have lost their homes, we are struggling to meet our minimum mortgage payment. I spoke with a financial advisor who suggested that we apply for a FHA short refinance. She said that we could have our payments lowered, and owe a lot less on our home. We have already started the process and I am really excited!