Why Are Streamlines So Great?
The VA Streamline Refinance Program has reduced documentation, does not require an appraisal and is set up to let you get a lower interest rate in the easiest possible way. Many veterans refinance to lower their interest rate while others benefit from shortening the term of their loan to save on interest payments over the life of the mortgage. You can also refinance an adjustable rate mortgage (ARM) into a fixed rate mortgage.