There are specific requirements under both the FHA Secure and the FHA HOPE to do a short refinance, and when those requirements ARE met most borrowers not only drastically drop their mortgage payments but also eliminate a portion of the mortgage they owe.
Imagine how it feels to go from stressed out financially distraught and owing more than your home is worth to being in a financially stable situation AND with an equity position in your home.
If you know someone who wants to keep their home but is having financial difficulties, contact me today! The opportunity for a short pay or short refinance will not last.
Apply for a Short Refinance here.