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offered us to streamline our mortgage.?

We bought a new house in August 2008. our principle is $ 325K and our payment of the mortgage is $ 2500 in 30 years to fix. We were contacted by our loan officer who offered a program called Streamline. She said she would be able to save about $ 150, our monthly mortgage. Is this program worthwhile, or is there any hidden fees or increase in our loan. He contacted us and noted loan amount will increase by 1.5%. We are located in California.

I live in California and also just made an offer on a house. Best bet would call your realtor and ask what this "streamlining" is all about ..

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