FHA has permitted streamline refinances on insured mortgages since the early 1980s. Streamlining refers to a reduction in the amount of paperwork needed to accomplish the refinancing. If you already have an FHA loan, and want to refinance, you may not need an appraisal or have to get qualified again.
The Streamline refinancing option reduces your monthly expenses by lowering your payments, but there is no option to take out cash equity. This refinance works well for people who are in good financial standing with no significant debt because it will but money back into your pocket every month.
Contact American Financing at (866)-750-6551 or complete the online applicationand let our expert team guide you through the FHA loan process.