Written By: Leslie Petersen, HUD and VA Expert - New FHA/VA Streamline Refinance Handbook (Updated February 2009) - $97.
Be honest with me here!
How many times have your "FHA Streamline Refinance" borrowers arrived at the settlement table only to be told that they are short funds to close; and you don't even know how it happened?! As you frantically attempt to save the deal, you may end up cutting your precious commissions, or heaven forbid, losing the transaction entirely.
The problem lies in the calculation - which are entirely unlike any other loan type. Minor changes and miscalculations can be disastrous. In the end, it's all a numbers game, and you must stay on top to win.
And yes, I know how much all of you love math - but you can do it! Here's how:
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