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Streamline Refinance- Mortgage.info

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MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

What is Streamline Refinancing?
Streamline refers to a Refinancing option that uses much less documentation and has quick turnover rate. This option was created to be a quicker more efficient option. Because of it’s special process there are some more specific requirements, however in general streamline refinances are easier to qualify for. This is mostly due to the fact that streamlines do not require an appraisal.

Streamline Guidelines
This list is general and condensed, each program and lender will have a variation of these guidelines:

*No cash out
*Faster Processing
*Low closing costs
*No appraisal
*Must be current on your existing mortgage payments
*Refinance must clearly save the borrower money
*Less paperwork
*Minimal Credit requirements

There are a list of guidelines and requirements that will vary based on the type of streamlined refinance program you are thinking about going with. However, your loan may be more accessible with a streamline program than ever before.

Some of the most popular streamline refinancing options include:

VA Streamline Refinance
This loan is exclusive to Veterans or their spouses

FHA Streamline Refinance
You must be an FHA loan holder to do and FHA streamline refinance

USDA Streamline Refinance
This refinance is for home in rural areas

HARP Streamline Refinance
This loan was created by the Home Affordable Refinance Program to help homeowners who may have little or no equity in their home.

It may seem like a streamline refinancing is too good to be true. However you may qualify to refinance your home with a streamline program, and you could save big. There are pros and cons to all money borrowing situations so it is important to shop around and make the best decision for your financial situation.

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Streamline Refinance- Mortgage.info

  1. 1. Streamline RefinanceMORTGAGE.INFO MORTGAGE.INFO LENDER HOTLINE: 888-581-5008
  2. 2. What is Streamline Refinancing? Streamline refers to a Refinancing option that uses much less documentation and has quick turnover rate. This option was created to be a quicker more efficient option. Because of it’s special process there are some more specific requirements, however in general streamline refinances are easier to qualify for. This is mostly due to the fact that streamlines do not require an appraisal. MORTGAGE.INFO LENDER HOTLINE: 888-581-5008
  3. 3. Streamline Guidelines This list is general and condensed, each program and lender will have a variation of these guidelines: No cash out Faster Processing Low closing costs No appraisal Must be current on your existing mortgage payments Refinance must clearly save the borrower money Less paperwork Minimal Credit requirements MORTGAGE.INFO LENDER HOTLINE: 888-581-5008
  4. 4. There are a list of guidelines and requirements that will vary based on the type of streamlined refinance program you are thinking about going with. However, your loan may be more accessible with a streamline program than ever before. MORTGAGE.INFO LENDER HOTLINE: 888-581-5008
  5. 5. Some of the most popular streamline refinancing options include: MORTGAGE.INFO LENDER HOTLINE: 888-581-5008
  6. 6. VA Streamline Refinance This loan is exclusive to Veterans or their spouses MORTGAGE.INFO LENDER HOTLINE: 888-581-5008
  7. 7. FHA Streamline Refinance You must be an FHA loan holder to do and FHA streamline refinance MORTGAGE.INFO LENDER HOTLINE: 888-581-5008
  8. 8. USDA Streamline Refinance This refinance is for home in rural areas MORTGAGE.INFO LENDER HOTLINE: 888-581-5008
  9. 9. HARP Streamline Refinance This loan was created by the Home Affordable Refinance Program to help homeowners who may have little or no equity in their home. MORTGAGE.INFO LENDER HOTLINE: 888-581-5008
  10. 10. It may seem like a streamline refinancing is too good to be true. However you may qualify to refinance your home with a streamline program, and you could save big. There are pros and cons to all money borrowing situations so it is important to shop around and make the best decision for your financial situation. MORTGAGE.INFO LENDER HOTLINE: 888-581-5008
  11. 11. T O L E A R N M O R E MORTGAGE.INFO LENDER HOTLINE: 888-581-5008 C L IC K HE R E MORTGAGE.INFO LENDER HOTLINE: 888-581-5008
  12. 12. Justin McHood is Americas Mortgage Commentator and has been providing Mortgage commentary for over 10 years. INFORMATION PROVIDED BY: Justin McHood MORTGAGE.INFO MORTGAGE.INFO LENDER HOTLINE: 888-581-5008
  13. 13. LEARN MORE ABOUT MORTGAGE.INFO: MORTGAGE.INFO FACEBOOK.COM/WWW.MORTGAGE.INFO PINTEREST.COM/MORTGAGE_INFO _MORTGAGEINFO LENDER HOTLINE: 888-581-5008 MORTGAGE.INFO LENDER HOTLINE: 888-581-5008

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