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Refinance

Most lenders offer a conventional streamline mortgage refinance process. Regardless of who originated your loan, the lender I am referring to is the one to whom you currently make your mortgage payment. As you are aware, mortgages are bought and sold every day, and it is the current mortgage servicer who determines if a conventional streamline mortgage refinance process is available. You are usually able to eliminate recording, state, and county tax payments (same ender old mortgage and new mortgage)You usually must requalify according to the lenders current conventional streamline mortgage refinance guidelines and we must appraise the property to verify value, but this can be a money saving approach. Of course, if you have an issue with the current lender you may want to change anyway. I can probably help you regardless of who currently services your loan. Email with questions about a conventional streamline mortgage refinance

Also, some lenders have released an "Enhanced Conventional Streamline Mortgage Refinance Process" designed to allow you to lower your mortgage payment without the need for an appraisal or credit requalification. The enhanced conventional streamline mortgage refinance program allows:

• No credit qualification if there have been no late payments in 3 months

• Verification of income or assets may not be required

• An appraisal may not be required

• Closing costs may be added into the loan to eliminate any out of pocket cost

• You may take the lower of 2% of your loan or $2,000 in cash after closing

• You may refinance to a shorter term if your payment does not increase more than 20%

This program is designed to save our customers money. Please contact me to see if you qualify for this exiting program.

Read more about Conventional Streamline Refinance Closing Costs

Learn more about debt consolidation conventional streamline refinance

More about how to eliminate PMI

Calculate your "Payback Period"  to verify refinancing makes sense in your specific situation.

Prequalify for your Conventional Streamline Refinance.