By Les Christie, CNNMoney.com staff writer, December 17 2007 A Senate bill that would expand the functions of the Federal Housing Administration (FHA) could help upwards of 200,000 homeowners - though a similar House bill that passed last month is more aggressive. Differences will be reconciled in conference. Next steps for FHA bills Provisions of the Senate bill are less aggressive than the House version. Christopher Dodd (D - Conn.), the sponsor of the Senate bill, which passed last wee Low rates in turn lead to bigger savings from your monthly payments. And with a refinance mortgage loan, you can take advantage of this basic financing concept and reduce your monthly repayments while at the same time, increase your monthly savings.
