Advantages of FHA streamline refinance

Advantages of FHA streamline refinance are:

• Biggest advantage of FHA streamline refinance is that there is no appraisal required. Most people don't qualify because there homes don't enough value, but if your qualify for streamline refinance, then it is not an issue for you.

• Most of the mortgage loans have high closing costs but FHA streamline refinance have very low closing costs.

• FHA streamline refinance can be wrapped up quickly as no appraiser to visit your home or verification of your employment as once you qualify for a FHA loan, these qualifications are carried over to FHA refinance mortgage.
  

• Another big advantage of streamline refinance is that "no income verification", so you don't have to worry about your income if it has been dropped.