– An FHA streamline refinance loan is a fast and easy program which allows you to refinance your existing FHA mortgage with less paperwork, low rates and no appraisal. FHA Streamline Rates can be extremely competitive vs non government loan rates.
How to Refinance a Mortgage That’s Underwater – . a cash out refinance with an FHA streamline, and the refinance will have to lower your monthly principle and interest payments by around 5 percent or more. You can also use this option to convert.