What exaclty is the difference between a streamline and plain refinance?

The term "streamline" is typically used in relation to an FHA refinance loan. You can do a streamline with or without an appraisal and there is very little documentation necessary. Without an appraisal you can only finance the outstanding balance. Closing costs are paid with a lender credit or out of pocket. If an appraisal is done the closing costs can be financed if the appraisal supports the value. If you'd like more information, don't hesitate to reach out to me. 804-677-8588 or lkinsel@mmcdcorp.com Lynn Bossi-Kinsel NMLS#259819