Denver, CO -- (SBWIRE) -- 08/09/2013 -- Colorado mortgage lender, Clinton Sistrunk has finally announced the release of the FHA Streamline Refinance program which can really help struggling local homeowners since qualifying for this program is easier than ever.

Many homeowners have become weary after years of promises that real help was on the way which would make their mortgage payments more affordable and enable them to avoid falling into foreclosure. However, until now initiative after initiative seemed unable to provide real assistance to property owners with FHA home loans.

HARP 2.0 delivered relief for some homeowners, but only for those with mortgages backed by Fannie Mae or Freddie Mac.

Thankfully, a real effort has been made to assist Colorado borrowers with FHA mortgages to reduce their monthly payments and take advantage of low interest rates.

This now means there are no appraisals being required to qualify so being underwater or upside down on their mortgage will not prevent homeowners from refinancing. The FHA has also announced that it is waiving the necessity for credit reports and income verification to enable more Colorado homeowners to qualify. However, it is important to note that individual mortgage lenders all have their own underwriting guidelines which may mean some income verification is needed as well as a credit check but most will still be far more lenient than trying to get approved for any conventional home loan today.

What is really different about the new FHA Streamline refinance program is the reduction in mortgage insurance for those who had their loans endorsed on or before May 31st, 2009. Until now, recent rate increases had eliminated much of the savings for those attempting to refinance or meant they had to bring cash to closing. Now 'no-cost' refinancing is available and that coupled with lower mortgage insurance rates can equal thousands of dollars in savings.

When asked about the new FHA streamline program benefits Clinton Sistrunk of The Colorado Mortgage Team said "This program finally delivers really substantial savings to underwater homeowners and anyone with an FHA loan who has not refinanced in the last six months should seriously consider this option, even if turned down before".

Those interested in finding out more about the FHA Streamline Program or would like to see if they qualify can discover more details on eligibility and receive a customized rate quote by visiting http://thecoloradomortgageteam.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Denver, CO -- (SBWIRE) -- 08/09/2013 -- Denver based Mortgage Expert finally reveals the secrets at a brand new website

http://www.thecoloradomortgageteam.com

This site is loaded with FREE REPORTS, an informative home buying guide, mortgage calculators consumers can use to run various loan scenarios and home buying resources you can use to save time and money before and after you purchase your home.

If you're planning to buy your next home, your first home, that dream home, a condo, vacation home, investment property or looking to refinance in Colorado or the surrounding areas, you will find that this site is a complete resource full of insider secrets that will allow you to choose the loan program best suited to your financial needs.

Here is just a small sample of the secrets revealed on this site...

-Little Known Secrets That Will Show You How To Improve Your Credit Score
-Important Terms You Must Know BEFORE Obtaining A Mortgage
-Tested and Proven Strategies For Building A Better Credit Record Faster and Easier
-The Top Mortgage Questions Borrowers Must Ask Before Applying For A Mortgage
-How To Finally Stop Renting And Own A Home Of Your Own
-How To Own A Home With Low Interest Rates And A Low Down Payment, Regardless Of Your Credit
-7 Things You Should NOT Do When Applying For A Home Loan
-12 Secrets To Lowering Your Homeowners Insurance Cost Your Agent Doesn't Want You To Know

About Clinton Sistrunk
Denver, Colorado - based mortgage expert Clinton Sistrunk specializes in providing information to consumers that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Clinton Sistrunk is available for interviews and will welcome all your mortgage related questions.

Call 303-351-4409 for a Free No-Obligation Consultation or visit

http://www.thecoloradomortgageteam.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm