If there are no limitations for FHA streamline refinance, then it seems that a broker would be able to begin a pattern of refinancing, going from the current 7.375% to 7.25% to 7.125% etc. until finally stopping when the last loan gives ...

Homeowners With An FHA Mortgage: Streamline It -Save Money
An FHA Streamline loan option is already built into your existing mortgage. One feature it offers is that you can get a new lower rate loan, if it is available, without reappraising your property. You just need to take the step to ...