When doing an FHA streamline through your current lender, what info do they pull for approval.. DO they run credit, title, etc all over again? I know they don;t do the income verification or the appraisal or anything, just curious. My lender approached us about doing one and I am interested (1.5% rate drop) but our credit is worse then because it dropped with the new mortgage and our 2 cards are pretty high utlization right now due to doing some remodeling. Those should be paid off by summer, but will it affect my a streamline refi chance.
One other thing came up. I had a judgement hit recently (although as of last week it was not on the credit report) We made payment arragnements and it will be poaid in full next week. But it looks like they had already filed a lien. Again, it will be paid next week so I should be able to get the lien removed, but I am just curious of the best way to handle all of this.
My current mortgage holder is Taylor Bean and Whitaker, and as stated above, they contacted me about the streamline refi and now I just wanted a little info on it before sending in these 60 pages of signatures....LOL
