Don't Move - ImproveKATV, AR -9 hours agoUnlike a home-equity line of credit or home-equity loan, a cash-out refinance does not require taking on the additional burden of a second loan. ...Need More Room? The good thing about FHA mortgages is that almost anyone can get it. So if you have a satisfactory credit record, enough cash to close the loan and sufficient steady income to make monthly mortgage payments without difficulty, then you'll have no trouble getting approved for an FHA mortgage. As a rule of thumb, only people who will reside in the property are eligible for FHA-insured mortgages.
