The water cannot be accumulated on sloped roof especially with a higher pitch, and the possibility of leaking significantly lower in comparison with a flat roof. But it can be damaged by strong winds what is not an issue for a flat roof. There are different types of roofing materials for sloped roof.
- The mortgagor must have made at least six payments on the FHA- insured mortgage that is being refinanced, and. - At least six full months must have passed since the first payment due date of the refinanced mortgage, and. - At least 210 days have passed from the closing date of the mortgage being refinanced.
The first is that your existing mortgage may have a prepayment penalty, particularly if you took it out less than one year ago. If your current mortgage was a no cost mortgage or refinance, you'll probably have a prepayment penalty if you refinance within less than three to five years.Prepayment penalties can be steep-often equal to six month's interest charges on your current mortgage.he general rule of thumb is that you don't refinance unless you can save at least a full percentage point off your current interest rate. In reality, however, the key question is whether you can reduce your interest rate enough to offset your closing costs-and that depends on how long you plan to stay in the home.