Tag Archive for 'mortgage-lender'

Sunday, August 1st, 2010

Of course, when deciding which kind of loan is more attractive in the short, run, FHA loans do not always win out. In the long run, however, the FHA loan can actually save the homeowner a lot of money, simply because it is eligible for the streamline refinancing option. A streamline refinance is little more [...]

Streamlining is not really a term that explains the loan product so much as it refers to the amount of paper that the borrower is required to provide to the lender. Generally speaking, the amount of paperwork that is usually demanded during the initial mortgage application is virtually cut in half during a streamline refinance. [...]