FHA Short Refinance Balances Things Out
July 21, 2010 on 12:21 am | By admin | In Finance | Comments OffI did not realize when I bought my home that I was paying an outrageous amount for it. All the houses I had looked at seemed like they were in the same price range, and I thought what I paid was average. While it was average for that time period before the housing market problems, it was way over what I should have been paying. My best friend said I should apply for a FHA short refinance, as if my home is valued for less than I owe it can wipe some of the excessive debt out. I applied, and had thousands of dollars in debt disappear!
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