While many people assume that the only reason to refinance a mortgage is when interest rates drop, you can actually accomplish multiple financial objectives by refinancing. Homeowners with FHA loans may qualify for several Federal Housing Administration programs. Each of these FHA refinance loans has its advantages and can help you achieve specific goals. Dig deeper: Is now a good time to refinance your mortgage? Why refinance an FHA loan? Whether you’re hoping to lower your monthly payments with the h ...