I have a home equity loan I want to ditch. Can I use an FHA loan to refinance both my mortgages?
Depending on what the appraisal comes back at, I might be really close to owing as much as it’s worth. Can an FHA mortgage be used for this?
I’m looking for more information on how FHA loans work. Can I use FHA to refinance? If so, are there any limits on how much I can borrow against my house? Is FHA a pain in the rear to process?
Forget I said anything about equity for now. I just want to know if this is doable.