So, the combined 108,034,390 people in these two nations was about 1,596,610 less than 109,631,000 collecting welfare in the United States. It may be more telling, however, to compare the 109,631,000 Americans taking federal welfare benefits at the end of 2012 to Americans categorized by other characteristics.
No Appraisal Required. Even if you owe more on your mortgage than your home is worth, an FHA streamline refinance is an option as long as you find a lender who does not require an appraisal. However, that can be a challenge, even though the FHA says an appraisal is not needed.
An FHA streamline refinance requires 6 months of payments but otherwise Agency loans do not have a timetable. As has been mentioned, all loans have recapture penalties that vary from 90 days min. to 6 months. We may experience that issue in the near future, and hopefully customer and loan officer will stay in touch so loan officer can be involved if a refinance is prudent.