What the Heck is a Short Pay Refinance?

By
Real Estate Agent with Barrett-Leber Realty

There is a new buzzword being used in today’s real estate market, that term is Short Pay Refinance.

Most of you have not heard about this.  It is a new approach were a new lender negotiates on your behalf  with your current lender to pay less than the full amount for the pay off of the existing loan. This is not a loan re-modification. This is a new loan with new terms and lower balance.

This is an amazing concept, basically you get to buy your home again at the current market value.

It is not for everyone-- that is to say, there are specific criteria needed to qualify for this type program. Possibilities-- not promises. But don't you owe it to yourself to find out?

For more information call Carmen Isais at Keller William’s Realty in Davis530.601.1003 or email: carmen@focusondavis.com


Comments (0)