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The original story can be found here: http://themortgagereports.com/1604/ Streamline Refinance - FHA Streamline Refinance Guidelines & Rates FHA MORTGAGES NOTERead the Rest.In the state of California Homeowners can get a $7,000 reduction in the taxable value for a qualifying owner-occupied home. This results in an annual savings of about $70 aRead the Rest.
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It depends on your goals and how long you plan on keeping your property. If you could reduce your rate and receive a credit for your closing costs then it's beneficial no matter how long you keep your property. A: There are loan programs available for property owners in this situation. There are also programs available for rental properties which most people do not know about.
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