If you have a FHA home loan, then you may already be approved to refinance your mortgage with the streamline program. FHA streamlines are the quickest and most cost-effective FHA refinance program ever.
The "Streamline" was designed to help homeowners refinance with less costs and less hassles. You must already have an existing FHA loan to qualify for streamlining. Most borrowers really save money by refinancing into a lower interest rate loan! As the Fed continues to lower key mortgage rates, there may have never been a better time to replace your adjustable rate loan.