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Federal Housing Administration gives advice on troubleshooting refinance issues.

Daily Record (Rochester, NY)

| September 05, 2007 | COPYRIGHT 2003 Dolan Media Newswires. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Danielle Derringer

In a rocky real estate market, many homeowners may start to think about refinancing. It is possible that refinancing a mortgage can save money, enabling homeowners to pay less interest, lower a monthly payment or convert from a 30-year loan to a 15-year loan, as stated in the "Real Estate Journal." Knowing the important refinancing issues can help homeowners make smart, more informed decisions. According to the Federal Housing Administration (FHA), learning how to refinance a FHA loan and knowing if it is a good time to refinance are very important. FHA has permitted streamline refinances on insured mortgages since the early 1980s. Basic…

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