Also, companies may presentation streamline refinances and include the closing costs into the new mortgage amount. This can exclusively be done if there is adequate neutrality in the trait, as determined by an appraisal. Streamline refinances can also be done without appraisals, but the new advance amount cannot outrank what is currently owed, i.e., closing costs may not be added to the new mortgage with those costs either paid in loot or including the premium rate as described above. Investment properties (properties in which the borrower does not reside in as his or her principal residence) may lone be refinanced without an appraisal and, thus, closing costs may not be included in the up to date mortgage amount.