We can help:
Many homeowners are caught in an unexpected situation. Their mortgage payments have increased, their income has been reduced and their homes have lost value. You may be experiencing a similar situation.
A Short Payoff is when your current Lender(s) reduce the principal balance on your mortgages and allow you to refinance or sale your home at current value.
| Example:
|
|
|
First Mortgage:
|
$400,000
|
|
Current Value:
|
$300,000
|
|
New Loan Amount:
|
$291,000
|
|
Closing Costs for new
loan:
|
$5,000
|
|
Current lender approves
short payoff for:
|
$286,000
|
What are the options?
Homeowner's current on their mortgage:
Many lenders are now
cooperating with a principal reduction to refinance your
home. The first step is the contact your existing lender
and verify that they will cooperate with a short
payoff/settlement to refinance. The next step is to apply
online at Affinity-Financial.com. We will request your
employment, income, and asset documentation to verify
that you will qualify for a new FHA loan at current
market value and issue a loan approval. We will then
negotiate with your current Lender(s) to achieve the
desired principal reduction for your refinance.
Homeowner's with mortgage lates:
Once your mortgage is
beyond 60 days late, you may not be eligible for a new FHA
loan. We will evaluate whether we can help you achieve a
loan modification to reduce your payments and keep your
home.
Short Sale
Some homeowner's do not
qualify for a short refinance or a loan modification. We
have a nationwide Realtor team to help homeowner's sale
their home and avoid foreclosure. Short Sale
Form
Get
Started Now
If you are interested in one of the options above please
apply online at Affinity-Financial.com. We will contact to you within 24
hours.
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