Should I refinance or pay off my home early?
The big piece of the puzzle that is missing is how long have you had your current mortgage? Although the new low rates are very exciting and no one wants to miss out...depending on how many years you have been paying, you might be at a point where more money is going to principle. Looking at what you would save...

short sale
Jason, our shop is in St Paul MN,and we have been successful at getting these situations approved, when there was not a late payment. It is restrictive, but, it can be done. Happy to answer any further questions or concerns that you may have! Thanks, Deb - The Mortgage Lady

Am I able to find a lender with only a one year employment?
For sure what you did the prior to your year of employment will play a part in getting you approved... a first time home buyer down payment assistance program might be a good fit for you! My office is in St Paul, MN, but I work the whole metro area. Let me know if I can help. Kind regards, Deb - The Mortgage Lady

What is the main benefit of a FHA streamline VS a conventional loan refinance???
William Acres is spot on... as is Dan Eveland... checking out your situtation with a local lender is best. You can check with more than one lender for multiple quotes for making your decision. Happy to help, information without obligation, to make educated decisions. Deb Muelken - The Mortgage Lady...