Short Refinance:
If you DO NOT want to Short Sale or you are having trouble making your mortgage payment... You should consider a Short Refinance. I have been Closing Short Refi's, while other home owners though there was no other option but to Short Sell their Dream home. Unlike a Modification which a lender just re-writes the RATE, you still owe the FULL balance on the Note, The Short Refi will bring your loan down to the current market value and allow you to refinance into a 30 year FIX.
FHA Short Refinance will allow us to refinance your home at 90% of CURRENT market value. Very few Mortgage companies are closing these types of loans. We are listed with HUD as a participating Lender able to close the Hope for Homeowner Loans.
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