FHA Steamline questionI was recently contacted about an FHA Steamline loan option to reduce my interest rate and I was looking to change the term of my loan. I have a mortgage loan of about 85,000 would I have to pay M.I.P. and how does that work in relations to PMI since I do not have that on my current loan when I had to refi following a divorce? Want what kind of fees should I expect to be charged for? I pay 5.5 % currently in interest. I just trying to do my homework and check and see if this is a viable option for me. I also do not currently escrow my taxes and insurance I do that on my own and have been current on paying them and the mortgage without any late payments or liens on the property.June 17 2013 - Cincinnati00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.