Should I refinance my FHA loan again?

If the numbers make sense and you're staying there awhile, then go for it! Show around a little for the best deal though.

Yes, no, and maybe... Lowering a payment is only part of the picture... What are the costs, and how long do you plan on living in the home... Constantly refinancing, and resetting your mortgage back to a new 30-year loan can actually end up costing many people significantly more over the long run. Consult with a local mortgage broker... Crunch the numbers, and if it makes sense... go for it. I lend in MN, WI, and SD. Visit www.JoeMetzler.com

FHA has a rule that unless your payment is going down at least 5%, they wont allow the refi.. everyone situation is different, but if someone were to hand me a $100 bill every month for the next 30 years, I would be stoked!! I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Could be, let a reputable look at the numbers closely. $100/mo is significant but it also depends what you are paying (adding to the mortgage) to get a 3.5% rate.