What Is An FHA Streamline Loan?
A streamline is a type of FHA loan that's aimed at people who already have mortgages and need to refinance. The FHA streamline process is, as the name suggests, simpler and faster than the normal refinancing process. In exchange for helping homeowners out, though, the government has requirements in place for how people might qualify. Let's take a look at the basics of the streamline system.
Tangible Benefit
The first major requirement is that there has to be a demonstrable and tangible benefit for the borrower.
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