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Have You Considered a Streamline Refinance?

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Buy a Home

We can help custom tailor your loan program, price range, and even direct you to the right Realtor® in your area.

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Buy a Home

We can help custom tailor your loan program, price range, and even direct you to the right Realtor® in your area.

Get Started

There is a misconception that a mortgage refinance is difficult. In some cases, it can be extensive, limiting, and approval isn’t guaranteed. There are, however, other options available. One is a streamline refinance which can make a refinance more accessible. Let’s take a look.

Lenders, such as AdvantageFirst Lending, can offer a streamline refinance with looser qualification and verification requirements than the traditional option. An appraisal may not even be required.  In addition, a streamline refinance has a net tangible benefit that is designed to help homeowners by decreasing the interest rate or mortgage insurance premium. There’s also a possibility for an adjustable-rate mortgage to be converted to a fixed-rate mortgage.

Qualifiers must be current on existing mortgage(s). A few benefits include:

  • Fast loan processing
  • Limited or no income verification
  • Lower closing costs
  • Minimal credit requirements
  • Minimal paperwork
  • No cash outs

Streamline programs are offered on FHA, VA, and some conventional loan programs.

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