In times of sporadic enthisiasm, the FHA lenders may offer streamline refinances and include the closing costs into the new mortgage amount. This type of FHA mortgage Broker in Floirda can only be done if there is sufficient equity in the property, as determined by an FHA appraisal. FHA streamline refinances can also be done in Florida without appraisals, but the new loan amount cannot exceed the original loan amount or FHA loan limits in Florida. Investment properties (properties in which the borrower does not reside in as his or her principal residence) may only be refinanced without an appraisal and this might surpris and FHA borrower.
FHA Streamlines in Florida