--- In mortgagebrokers@yahoogroups.com, "VC OB 1 \(One\)" <vcob1@...> wrote:
>
>
> When doing the streamline & with the new loan amount being what
> the original loan amount was & that loan amount won't cover the fha ins.
premium in the closing costs rolled in, is it possible to have the fha ins.
premium rolled on top of the original loan amount ?
>
>
> I did some reading over the weekend and thought I saw an article that states
the fha ins. premium can be added on top of the loan amount.
>
> I have this scenario right now & I'd like to know what can be done before I
comment one way or another to the family. Their fha ins. premium is
approximately $6,000 on a $430,000 original loan amount. They don't want to
come into closing with the $6,000 as that is their #1 concern w/ doing a
streamline.
>