Short Pay Refinance
Like most home owners, you've felt the down-turn in the real estate market. Many owe more than the value of their home and feel trapped with no way out. We can show you many ways to keep your home and other ways to get out of what seems like an impossible situation. One such way is the new program called the Short Pay Refinance. With the Short Pay Refinance you have the ability to refinance your home at the current market value.
This new program was developed out of TARP, the Troubled Assets Relief Program (TARP). This program was developed by the United States government to purchase assets and equity from financial institutions in order to strengthen the financial sector. It is the largest component of the government's measures in 2008 to address the subprime mortgage crisis.
So which way do I go? It won't cost you a thing to find out how we can help you. Just give us a call at 1-888-627-3847, answer a few simple questions, and we can lead you down the path best suited for you. Or you can use the menu on the right to speak with a live agent right here on the net.
For those of you who must know how it actually works, the Short Pay Refinanace starts with you owing more on your home thatn the current market value. Thus, you are "Short". We then go to FHA/HUD and qualify you for an FHA HUD loan at fair market value. This is the "pay" part of the Short Pay Refinance program. Then comes the difficult part. We must approach your lender, with cash in hand from the FHA HUD program, again the "pay" from the Short Pay Refinance, and convince the current mortgage comapny to take less than your current loan amount. This process culminates into what we refer to as Short Pay Refinance.
With the economy in the mess that it is in the government should us the FHA program in combination with a short pay refinance option to stabilize the economy.