What does it mean to "streamline" a mortgage?

Streamline is a term used when refinancing, when the lender is able to do the loan with less documentation than is normally required. www.fha-streamline-refinance-mn.com

Under a purchase or conventional refinance, the lender will require tax returns, w2's, 1099's, bank statements etc... Under the FHA Streamline refinance, most of that documentation is not necessary.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

It means nothing....some lenders still need some documentation as if it were a Full Doc. Some streamlines do not require an appraisal. think streamline as in faster. There is always a risk with every mortgage regardless of its title name. Good Luck

You can change the terms of your loan, from 30 to 15 yr for example no appraisal, and limited in documentation, and also, it does matter when you purchased or last refied... email me at yourloanpartnerforlife@live.com linda

If you referring to an FHA streamline it means that you have fully qualified for the mortgage at one time or another in the past and since you have done that NOW you can "streamline" in todays market meaning NO appraisal needed, and NO income documents to provide. Basically verify your currently employed, sign disclosures and your on your way to a new mortgage.

I should also mention in regards to my last comment that the streamline with updated MIP, no appraisal etc... is For Loans Endorsed On Or before June 1, 2009

less documentation than FULL doc loans and the risk is with the lender