Arizona Refinance Options

While rates are low, many people are checking with us to see if it makes any sense to refinance and what exactly the most popular Arizona refinance options are. Here are just a few of the popular refinance options right now with people.

Making Home Affordable

The making home affordable plan is also known as the Obama Refinance and is popluar with people who have good credit, have been making their payments and are currently barely upside down on their mortgage.

FHA Streamline Refinance

The FHA streamline refinance is designed to allow people who are currently in an FHA loan to take advantage of lower interest rates when they are available -- without having to completely requalify for a new loan. No income, no asset, no credit score required (note: some lenders are requiring a credit score, but we are not at this time). By far the most popular refinance program if you are currently in a Arizona FHA loan.

VA Streamline Refinance

The VA streamline refinance program is a close cousin to the FHA streamline - no income, no asset, no credit score -- and no appraisal. This is by far the best refinance program for veterans who are currently in an Arizona VA loan.

Arizona Loan Modification

Of course, for those people who are unable to refinance for whatever reason, there currently are many lenders who are willing to help people modify their current loan to make their home affordable.

Are you interested in any of these options? Let us know. We can help you with any of them.