REAL ESTATE NEWS












I've been providing
unmatched service since
1991.
I have helped hundreds
of people just like you to
accomplish their real
estate goals.  
Contact me today!
Carmen G. Gutierrez
D.R.E. Lic.# 01193488
Realtor
909-921-4206
Email: CG@CGHouses.com
909.921.4206
  • The mortgage to be refinanced
    must already be FHA insured.      
  • The mortgage to be refinanced
    should be current (not
    delinquent).      
  • The refinance is to result in a
    lowering of the borrower's
    monthly principal and interest
    payments.     
  • No cash may be taken out on
    mortgages refinanced using the
    streamline refinance process
  • 640 Minimum Fico
  • No Appraisal Required
  • Loan must be up to 100%
    Maximum of the home value.
  • Income documentation is NOT
    required
  • It could be a single family home,
    1to 4 units, a condo or modular
    home.
    Some lenders offer  no out-of-pocket
    refinances where the lender pays any
    closing costs that are incurred on the
    transaction from the interest rate
    premium.  The new loan amount cannot
    exceed the original loan amount.  In
    general if you have a mortgage loan
    with a high  interest rate, streamline
    refinancing may be beneficial for you.
    This article is for informational
    purposes. Consult your lender for
    further details.
You deserve the best, get
represented by a Realtor!
  • You bought your
    home
  • You took good care
    of it
  • You put your heart
into it.
  • Now that you want to
    sell
  • Keep the good job,
    don't settle for less,
trust the sale of your
home only to a Realtor.

Register to sell
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^This communication is provided to you for informational purposes only. Terms and programs may change at anytime.
MGR Real Estate is not a mortgage lender. Please contact a professional loan officer from M Power Mortgage to learn
more about its mortgage products and your eligibility for such products.
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Page 1


FHA ANNOUNCES PRICE CUTS TO
ENCOURAGE STREAMLINE REFINANCING
Millions of FHA borrowers could save
average of $3,000 a year
WASHINGTON – Today, Acting Federal
Galante announced significant price cuts to
FHA’s Streamline Refinance Program that
Housing (FHA) Commissioner Carol could
benefit millions of borrowers whose
mortgages are currently insured by FHA.   
Beginning June 11, 2012, FHA will lower its
Upfront Mortgage Insurance Premium
(UFMIP) to just .01 percent and reduce its
annual premium to .55 percent for certain
FHA borrowers who qualify.