FHA guidelines permit you to refinance and take cash out at a maximum loan to value which is 85% of the appraised value. A streamline refinance is a program exclusive to FHA borrowers and if?you achieve a net benefit from refinancing then a streamline may be the right option for you. I would like to speak with you and see if my we can be of assistance.
Source: http://www.zillow.com/advice-thread/FHA-Refi/479131/
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