Streamline Refinance Process Definition

"Streamline refinance process" is a vague term indicating some refinance program that putatively is simple and quickly accomplished at little or no cost. These types of refinancing programs are offered in an attempt to retain current customers through a refinance process undertaken to receive a lower interest rate. Private lenders often offer some form of streamline refinance process with little or no associated cost, and FHA and VA mortgages often qualify for some streamline refinance process.