Understanding a Short Refinance

A Short Refinance is similar to a Short Sale, but rather than selling your home, you are able to remain in your home by refinancing into a new loan with a lower principle balance and a new fixed rate that is affordable.

The government has established, and is continuing to produce, new loan programs that will help people stay in their homes. These are fixed rate loans that are designed to help people affected by the current real estate market and previous bad loans; no more teaser rates and no more ARM's.

If successful, a Short Refinance will allow a homeowner to remain in their home with a reduced mortgage balance and a more favorable mortgage rate.

Guidelines for a Short Refinance:

Although certain restrictions will apply in order to qualify for a new loan, the government is constantly adjusting their guidelines to the everchanging market, so call today to see if you will qualify and how we can help.

At Real Estate Creative Solutions we are on the cutting edge of what's happening in today’s market. Our goal is to provide you with the best services available. To accomplish this we are working with lenders nationwide to do Short Refinances. As these new loan programs became available it only made sense for us to combine our expertise with these Lenders as to better serve our clients. To learn more about these programs call us today or fill out our web form and LET US CONTACT YOU.