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Short Refinance
What is a Short Refinance?
A Short Refinance is a process whereby a lender reduces the principal balance of a homeowner's mortgage in order to permit the homeowner to refinance with a new lender. The reduction in principal is designed to meet the Loan-to-value guidelines of the new lender (which makes refinancing possible).
Is a Short Refinance the Right Solution For Me?
A Short Refinance is one of the many solutions that are negotiated by a lender’s loss mitigation department and is one of the options offered by Foreclosure-Shield.com. After we conduct an investigation into your unique situation, we may recommend that a Short Refinance is your best option. Please fill out our form for a Free Loan Modification Evaluation.
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Loan Modification Can Work For You
It is a remarkable situation that we as a country find ourselves in today when family homes are being foreclosed on with a scope and scale never before seen. Clearly the current U.S. recession and worldwide economic crisis is much to blame for this scenario. One might think that there might be no glimmer of hope in sight, and that banks might act too quickly nowadays to foreclose on homes if the borrower begins to fall behind on their monthly mortgage payments. But such is not the case.
The fact is that most people facing the prospect of foreclosure can stop the process in its tracks and... (READ MORE) | Stop Foreclosure With A Loan Modification
There are many alternatives to foreclosure, but many people are unaware that they exist. If you are among the millions of homeowners struggling to pay their mortgage or if you are already in foreclosure, you need to know that you have an alternative. You could try to sell your home in a market where no one is buying, or you could attempt to get a refinance loan, but those options leave a slim chance for success. The best option is for you to take advantage of the qualified professionals that work in the mortgage loan modification industry and see how they can help you lower your payments or in... (READ MORE) |
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