Home Mortgage Tips & Insights
Articles to help you purchase or refinance your home
Refinance an FHA loan to a conventional loan
When you want to refinance your FHA loan, you may be able to choose between two loan types. You can refinance your current FHA loan with a new FHA loan. However, you may be able to refinance your current FHA loan with a new conventional loan too.
Both choices can help you lower your interest rate and monthly payments. However, refinancing an FHA loan with a conventional loan may offer you significant savings on your mortgage insurance costs when you have enough home equity.
Get started today by getting a personalized evaluation of your home loan options from Freedom Mortgage.