With ARM resets and subprime trouble creating greater burdens on homeowners, now is certainly the best time to put your marketing techniques for FHA refinances to good use. You have in your hands an excellent solution to their problems. Play your cards right and they're sure to sign on the dotted line.

Benefits of FHA Refinances
Homeowners may be eligible to take out a FHA refinance loan even if their existing loan hasn't been provided by the FHA. When a client agrees to FHA refinancing, let him know that he stands to gain several benefits.

Cash-Out Refinancing
This option is available to clients with new or existing FHA loans. When a client opts for cash-out refinancing, the available cash balance can be equal to ninety-five percent of the total value of his property. He is also given the choice to consolidate his first and second mortgages for easier and more convenient repayment. Other bills may also be consolidated similarly. Requirements on income and credit are easier to comply with and successful applicants can look forward to FHA-regulated closing fees.

Rate and Term Mortgage Refinancing
Now, if your client has an existing loan that hasn't been provided by the FHA, he can still obtain refinancing with the aid of FHA through rate and term mortgage refinancing. The amount of cash available from the loan is even greater at 97%. Requirements for eligibility are just as easy as they don't even have to show their FICO score. Furthermore, clients can certainly expect rates to be competitive even for applicants who had faced foreclosure three years ago and those who had faced bankruptcy two years back. Closing costs will also be FHA-regulated.

FHA Streamline Refinance
This option is exclusive to clients with current FHA loans. If you had marketed FHA loans to old clients, now's the time to send a friendly email and remind them of this crucial offer.

With FHA streamline refinancing, clients are given several no-cost options as to how they wish for the refinancing process to take place. Requirements are once again easy to comply with. If they pass, they can look forward to easy term adjustment, whether they wish for it to be longer or shorter. Amortization can just as easily switched and there are also programs they can take which will allow them to reduce their interest rates.

Indeed, this option is one that best signifies why it's good for any person to take up a FHA loan.

FHA Secure Refinance
If your client possesses a mortgage late scheduled for an ARM reset, he can apply for a FHA secure refinance loan and be in the position to reverse his fortune. Clients with properties facing foreclosure are still welcomed to apply and when they pass the requirements, they stand to enjoy competitive rates.

Reverse Mortgage
This is arguably the best option for retired or senior individuals who wish to have a more secure outlook of their future. Any individual who's at least sixty-two years of age and has full or part-ownership of their primary residence can apply for a reverse mortgage. It can be then used to pay off any existing loans and with the available balance to be paid out in either one lump sum or monthly advances. No repayment is expected until the borrower moves, sells the property, or passes away.

With such wonderful alternatives for FHA refinancing, marketing is a breeze and all you really need is the perfect timing when approaching your clients!