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im looking to streamline refinance in al..companies i've talked to say that we need to already have our loan with them are there

any other companies our there. we've been in the home for 8 years no late payments..just looking to lower our payment by tee_wa_525_393 from Bessemer, Alabama. Oct 28th 2012 Reply


Greg Gruenwald (GregG@888GREG1ST.COM)
#41 ranked lender in Illinois - 9 contributions

Hello Tee-W-525-393! Streamline has more than one meaning. The seemingly negative answer you received may be from the person at your bank. There are other possibilities. I am licensed in all 50 states. Please call me at 888-GREG-1ST (888-473-4178...toll free). Greg Gruenwald - The Federal Savings Bank - www.888GREG1ST.COM and GregG@888GREG1ST.COM. Thank you.

Oct 28th 2012
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Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 2,406 contributions

You did not say what type of loan you have...Conventional, FHA, VA or USDA. If your loan is FHA, VA or USDA, any lender CAN do a streamline refinance into the same loan type. If you are trying to do a conventional loan streamline, if your loan is HARP eligible, then the streamline is that usually no appraisal is needed, but most lenders are still requiring traditional documentation to complete the transaction. If your loan is none of the above, then generally ONLY you current lender will consider the transaction, and in today's lending world, few of them are. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ Licensed in California and Arizona ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950

Oct 28th 2012
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Ronald Keen (ronald.keen@vantagepointbank.com)
#51 ranked lender in New York - 11 contributions

I can help you. I am a national lender. Please call me at (954) 532-6970. We can go over your situation and see what can be done.

Oct 28th 2012
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Ronald Keen (ronald.keen@vantagepointbank.com)
#51 ranked lender in New York - 11 contributions

Please give me a call at (954) 532-6970. I am a national lender, and can go over all available options with you.

Oct 28th 2012
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

If your loan now is FHA, then you can use any lender to do a streamline, since FHA is the only loan product with a true streamline feature... but if your loan is not FHA, then you will need to do a full qualifying type refinance, with credit, income, taxes, and appraisal to be fully underwritten... if your current loan is a HARP eligible, you might be able to waive the appraisal. if you want to know for sure, then the best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Oct 28th 2012
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Richard C. Carlton (Carlton)
#17 ranked lender in Alabama - 14 contributions

Most lenders do want you to have the loan with them to streamline, but you may be able to avoid having to do another appraisal if your findings come back ststing that no appraisal is required-maybe only a drive by appraisal, which would save you the cost of a full appraisal.Also, your previous title co. that closed your previous loan could reissue your title, and save you 40% on your new title costs.

Oct 29th 2012
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