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Many mortgage professionals find themselves without the opportunity to create income by refinancing clients into loans with better terms due to the declining market. Mortgage professionals can now create refinance opportunities by doing short pay refinances. It is a win/win for both the mortgage professional and the homeowner. Included are the industry secrets and the process on how to obtain your own loan into this easy to follow step by step "downloadable" e-guide which includes the following:
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“There is a new buzz word being used quite often in today’s real estate market. That term is “short pay”. Most of you have not heard about this. It is a new concept where we negotiate with your current lender to pay less than the full amount for the pay off of the existing loan. It is so exciting! Recently, we lowered a couple’s loan from $700K with a $5,500 payment down to 320K with a $1,719 payment, a savings of $380K! This is an amazing concept. Basically you get to guy your home again at the current market value.” Unlike a Loan Modification, where you are simply modifying your existing mortgage to more favorable terms, due to some form of "financial hardship", A Short-Pay Refinance is qualifying for a new FHA 30yr Fixed Loan or “New Money” as we say in the mortgage business, and paying off your existing lender for 90 to 97% of "Fair Market Value" of the home. Sure, loan modification has been a blessing for thousands of homeowners to alleviate tremendous stress from their lives, still at the end of the day, many homeowners are negative in equity by hundreds of thousands of dollars and simply would rather walk away from the depreciating investment they call home. A mortgage relief strategy for real estate professionals and homeowners looking to avoid foreclosure and stay in their home. A "do it yourself" Included in the Short Pay Refinance Guide; secrets and the process of how to obtain your own loan, all in this easy to follow step by step "downloadable" e-guide which includes the following:
We know the secrets of how to negotiate the best terms and getting a short pay refinance requires negotiating. They don’t want your home back! Countrywide has more than 70,000 homes that need to be sold as part of their real estate portfolio. The cost of selling a home that has been foreclosed on to a financial institution can and are upward of $50,000, not to mention the loss of revenue during the several months it takes to process a foreclosure. Learn more about the program here! |
The Short Pay Refinance Guide provides a new mortgage relief strategy for real estate professionals and homeowners looking to avoid foreclosure and stay in their homes. A "do it yourself" guide to negotiating a short pay refinance with your lender. How to get your loan reviewed as a priority along with the necessary forms.
What is a a Short Pay Refinance?
guide to negotiating a short pay refinance with your lender. How to get your loan reviewed as a priority along with the necessary forms to include with your application.
Bankers urge government to pull plug on Fannie, Freddie
(Reuters)