The Short Refinance REQUIRES A Budget Worksheet

By
Education & Training

I've been getting a lot of calls about how to do a Short Refinance.  One of the most important things a homeowner must do in order to increase the odds of success for a Short Refinance is to complete a monthly budget worksheet.

The montly budget worksheet will be provided to the current lender in the short payoff offer package and to successfully obtain a short payoff for a Short Refinance it must show the current lender that the homeowner is faced wihth substantial financial hardship.

The monthly budget worksheet is just a good tool to have around for any purpose.  I also provide it to first time home buyers.

Paul Dunn
Arizona FHA Mortgage Loans
Arizona USDA Rural Home Loans

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Tags:
short refinance
monthly budget
fha

Spam prevention
Show All Comments
Rainer
19,439
Travis Egan | 262.725.1505
Travis Egan -Movement Mortgage, NMLS # 655284 - Lake Geneva, WI
Movement Mortgage NMLS # 39179

Paul,

Thanks for the worksheet.  I will use it in my daily activities with 1st time buyers and short refinace clients.  Thanks my friend.

Warmly,

Travis Egan, Delavan, Wisconsin

www.TravisEgan.com

Sep 17, 2008 05:35 AM #1
Rainmaker
289,144
Kent Simpson
Realty One Group Mountain Desert - Tucson, AZ
Real Estate Is About People

Paul, you provide some good, practical stuff.  Good going on inviting Cheryle to the 'Rain also!

Sep 17, 2008 04:15 PM #2
Rainmaker
530,850
Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner
Chris Brown | Certified Mortgage Planners - Orlando, FL
Chris Brown 407.367.2974

Paul,

 

good stuff... i have taken some step to investigate short refi's but no traction yet.  any help?

 

Chris the implementer

Sep 19, 2008 02:13 AM #3
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
62,049

Paul Dunn

former orginator
Ask me a question
*
*
*
*

Additional Information