Short Refinance Agreements
What is a short refi or short refinance?
Resources & Information about Short Refinances and Loan Modification
Short Refi's
Short Refinancing
Short Refinance Resources
Short Refinance - or short refi - is a loan modification program that is growing by the day. Home loan lenders are increasingly looking for ways to help both the homeowners in trouble and their own bottom line. A Short Refinance is offering a way for the two sides to reach a mutually beneficial solution.
What is a Short Refinance?
It's pretty similar to a short sale. The lender agrees to a refinance at a loan amount below what you currently owe and your debt is typically forgiven.
What the short refinance process entails
You are likely to meet some resistance when attempting a short refinance. It's highly recommended that you don't try to do this with the lender directly as you will almost assuredly be denied. It's not always easy for a lender to forgive debt. In fact, it's never easy. There is a negotiation process that must take place between us and your lender. There is a financial advantage in many cases for lenders to short refi your home, it's just a matter of working with them to make it happen.
How to get a short refinance
Here's a general overview of the short refinance process
Apply online to begin working with a loss mitigation specialist. Not only will you have our expertise at your disposal, but we'll also be able to look at other options for you if a short refinance doesn't prove viable.
Download and fill out forms. We already have all the forms you'll need. Your loss mitigation representative will guide you through the forms and what we specifically will need.
Submit form package and required documents to our office. Once we have your full package, we can begin negotiating with the lender.
Let us negotiate and secure you a solution for your troubled mortgage. We'll do all the dirty work and use our knowledge and reputation with lenders to make sure you get what you need to be safe and secure in your loan.
Get a FREE loan modification analysis with us today.
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Consumer notice: The information and resources presented on this Web site are not to be taken as legal advice. Legal advice must be tailored to the specific circumstances of each case. Every effort has been made to assure that this information is up-to-date as of the date of publication. It is not intended to be a full and exhaustive explanation of the law in any area. This information is not intended as legal advice and may not be used as legal advice. It should not be used to replace the advice of your own legal counsel.
