Module 6: Programs and Products - Refinance
May 02, 2016 · Additional No-Cash Out Refinance Options (cont.) Refinancing of an Existing Section 235 Mortgage: • An existing Section 235, Mortgage Insurance and Assistance Payments Program may be refinanced as any No Cash-Out Refinance. • In refinancing a Section 235 Mortgage, the Mortgagee is required to repay to FHA any amount of excess subsidy.
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