FAQ

What is a Streamline Refinance?

The government in the early 1980's saw a need to help Americans gain a more efficient way to lower their monthly mortgage program, and thus sprung the Streamline Refinance program. This program allows any person with a FHA loan to lower their monthly mortgage rates with no extra paperwork (it uses your existing FHA paperwork) no credit checks, and no extra hassle. It saves you time through the process, and money by securing you the lowest interest rate available on your current mortgage.

What are the basic requirements?

The basic requirements are simple. Have an existing FHA loan, and have no late payments (past 30 days) on your existing mortgage in the past year and go through a FHA approved lender.

How long does the streamline process take?

The typical Streamline Refinance process takes between 25 and 45 days to complete.

What makes streamlinerefinance.net different?

We work closely with hand selected trusted lenders to ensure that you are taken care of. A refinance is a huge step and we understand that, but through our years of relationships and experience, we ensure a trusted lender will help you every step of the way. There are many lenders available, and it can take time to sift through all of them. We save you time by ensuring our lenders are experienced, qualified, and most importantly trusted.

What is a IRRRL and is it the same as a streamline?

IRRRL stands for Interest Rate Reduction Refinancing Loan, it is the same thing as a Streamline Refinance, or a VA refinance. It is targeted towards our veterans of the United States Military.

Will this really save me money?

By securing the lowest interest rates available, and working with a trusted experience lender, you will really be able to save hundreds of dollars a month adding up to thousands to tens of thousands over the course of your mortgage.