NYCBrowser, Home Owner in Brooklyn, NY

What Are "Streamlined Refinance" programs?

Asked by NYCBrowser, Brooklyn, NY Mon Apr 29, 2013

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Javier Menes…, Mortgage Broker Or Lender, Melville, NY
Mon Apr 29, 2013
Streamlined refinances is no different than any other refinance other than the fact that it may waive the need for appraisals, or some income documents, or credit reports, etc. If a streamline refinance is available, it usually is the best option because you can usually get the refinance done quicker and with slightly less expenses.

Consider meeting face-to-face with a Loan Officer who can evaluate your situation and advice you of your options. I'm always available if you're looking for a reliable Loan Officer. Good luck!

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Javier Meneses
Senior Loan Officer
NMLS #23130
310 Crossways Park Drive
Woodbury, NY 11797
(516) 606-9648
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Michael Cheng, Agent, San Jose, CA
Mon Apr 29, 2013
Essentially, the lender is able to skip a few steps in the underwriting process to generate a loan approval for you on an existing property. Depending on the program, you may be able to skip an appraisal or income verification. Some skip even the origination fee or a credit check.
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