About 2 weeks ago you called me about a strategy you had implemented and wanted to share with the group

Who did you target first with this?

to CPA’s and Tax Preparers

to Real estate Agents

Rich has a cool idea to get refinance opportunity’s with current FHA mortgage holders Rich writes an letter explaining the benefit of the recent FHA MIP rate decrease Rich sends the to CPA’s, Tax Preparers, Real estate Agents and follows up with a phone call explaining the benefit Rich makes some money refinancing a family and saving them $260 a month Rich Real estate agent partner gets 2 listings from sending something of value to his past clients

1. Credit Qualifying 2. Non-Credit Qualifying with Appraisal 3. Non-Credit Qualifying without Appraisal

Without an Appraisal

With an Appraisal

Depending on the scenario, the Net Tangible Benefit test will vary. Here are 2 examples: -Fixed 30 to Fixed 30- 5% decrease in Principal, Interest and Annual MI payment -Fixed 30 to Fixed 15- Minimum 5 year decrease in Remaining term

Net Tangible Benefit for ARM

Net Tangible Benefit for Fixed

Thank you Rich Bonn for sharing your cool FHA Streamline Refinance strategy with us