The water cannot be accumulated on sloped roof especially with a higher pitch, and the possibility of leaking significantly lower in comparison with a flat roof. But it can be damaged by strong winds what is not an issue for a flat roof. There are different types of roofing materials for sloped roof.
- The mortgagor must have made at least six payments on the FHA- insured mortgage that is being refinanced, and. - At least six full months must have passed since the first payment due date of the refinanced mortgage, and. - At least 210 days have passed from the closing date of the mortgage being refinanced.
There is no set time frame for a lock on an FHA-backed mortgage rate. Most banks will offer a free lock period that amounts to 30 to 45 days for an original loan. Refinance locks last 60 to 90 days. After that, you can extend the rate lock, if youâre willing to pay. According to BankRate, many lenders will extend the lock for a quarter of a point. A point is equal to 1 percent of the loan amount. You usually can buy points to lower your interest rate at closing.