Mortgage Update Los Angeles: What is short pay refinance?

What is short pay refinance?

Bill Rayman, Los Angeles refinance expert discusses short pay refinance.
If your credit is good, and you are underwater on your mortgage, you are probably wondering what options are available to you. Do you have to short sell your house? Do you have to foreclose? What about loan modification? Do you qualify for government bailout help? For some home owners, none of the traditional options seem to offer an adequate solution. Many throw up their hands and walk away from the home they worked for.
Short pay refinance may be an option for home owners who are under water and want to protect their credit. This option is not well known, but Bill Rayman can help you understand if this is the right option for you, how it works, and get you started on moving forward with this process.
In this 9 minute video, Bill Rayman explains short pay refinance in common language. If you want to know more about this and other options to refinance in Los Angeles, contact us today.

Source: http://blog.mortgagehelplosangeles.com/2012/08/what-is-short-pay-refinance.html

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