This basically means that you switch your existing debt obligation by an obligation of the latest debt that has different terms.

Selecting a lender for a mortgage refinance loan is not careful it was difficult.

In additional to your 80/20 mortgage some funding provides 103% of the tax required on your home.

But beware - a lower interest rate will not necessarily give you savings.
Most FHA loans are made to stable, borrowers with a proven good credit long.
If you use a mortgage broker be sure to make the range of offers and read all of the lower photograph.