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least nine percent higher than the new interest rate. Years of historically low interest rates have enabled Californians to save millions of dollars by refinancing their mortgages. But what fha loan requirement homeowners realize is that refinancing exposes them to greater losses if lenders foreclose on their property. As long as homeowners retain their original mortgage, a fha loan requirement state law prevents lenders from going after more than just the home. Refinancing frees lenders to go after cars, savings and brokerage accounts, unrelated real estate holdings and other assets to make up fha loan requirement difference -- even if it takes a decade or more to square the debt. The risks are small when home values are zooming as they are today. But some experts warn that could change if the state's housing market stumbles or if there
fha loan requirement
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