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The FHA streamline refinance program has more relaxed lending guidelines than traditional refinances when it comes to an appraisal, credit check and income verification. Yet, it still imposes a ...
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Streamline refinancing is a mortgage refinancing process in the United States for Federal Housing Administration (FHA) mortgages that reuses the original loan's paperwork allowing quicker refinancing. The program was introduced by the FHA as a way to speed up the home refinancing process. [1]
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“Every financial situation is unique, and an advisor can help you determine whether a streamline refinance is your best option or if another loan program might offer greater benefits,” says Green.
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