Banks inflate their mortgage rates with Service Release Premium to increase their profits at your expense.

Therefore, refinancing is also a better option for borrowers who want to lower their interest rates, even if they are able to make their payments comfortably.
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For a free six-part Mortgage Refinancing Tutorial, visit RefiAdvisor.com using the link below.

Using the FHA Secure program standards FHA FHA underwriting standards will be able to increase the availability of the program and help more distressed homeowners.

Such as: zero cost incurred by you, no assessment, in most cases, no confirmation necessary to be eligible for refinancing plan income, getting your interest rate reduced with only 0.5% of financing costs etc.

If you use the money you earn from a refinancing, mortgage rate does not really make much difference.