FHA released a New Program for FHA Streamline Refinances yesterday, June 11, 2012. This is an amazing opportunity to not only take advantage of the amazingly low interest rates, but, also be charged a reduced amount on the annual premium, of .01%. Also, your monthly M/I will be only .55% of the loan amount. These three factors together can dramatically reduce your overall housing payment. If you have an FHA Loan that was Endorsed before 5/31/2009, you need to speak to your Mortgage Advisor and determine how much money you can now save on your FHA Loan monthly payment. This product is easy to close as it does not require an Appraisal or Valuation of the property, it also requires much less documentation than that of an original Fha loan, thus called "STREAMLINE". Take advantage now of this great opportunity and learn more about this great new product FHA has just made available to many folks!