"Do You Feel Trapped by Your Current Mortgage and the Loss of Your Home's Value?"

Homeowners all across the U.S. are feeling feeling the stress due to a decline in the value of their homes and the fact that they now owe the bank more than their property is worth.

According to a report published in May 2010 by First American CoreLogic a real estate information company based in Santa Ana, CA “more than 11.2 million, or 24%, of all residential properties with mortgages, were in negative equity at the end of the first quarter of 2010.”  Of that number in California alone more than 2.4 million homes or 1/3 rd of all mortgages have negative equity.

However, there is hope through an option known as Short Pay Refinance which may be the best solution for them if they qualify for it.

The underwater mortgages and negative equity pose a roadblock to a housing recovery because the underwater mortgages are more likely to fall into default leading to a potential foreclosure by the bank.   Most banks have already been taking big losses on foreclosure and short sale properties and are considering other options as well.

Short Pay Access is able to help homeowners anywhere in the U.S. through the best short pay refinance program available today.  The company does not charge any upfront fees to homeowners.  It offers a solution for both banks as well as for the homeowners.  The Homeowners get to keep their home with a lower principal balance and lower monthly mortgage payments more in line with the current value of their home and the banks get a chance to “clean-up” their balance sheet by getting a property completely off their books.

Banks are becoming more willing to accept a short pay refinance specially if the borrower is current on their mortgage but is experiencing some type of short term financial difficulty or the interest rate on the borrower’s current loan is about to increase.

A Short Pay Refinance also provides the bank with an infusion of “cash” which increases their ability to invest in other opportunities or to lend out.  Banks are in the “Lending” business and not the Real Estate business.

Unlike a Loan Modification or a Short Sale, which sometimes requires a borrower to be delinquent on their mortgage payments, the Short Pay Refinance Program follows standard lending guidelines and only works if the borrower has a clean recent mortgage payment history.

1. The mortgage needs to be more than the current market value of the home
2. Borrowers need to be current on their mortgage – no late payments
3. The Borrower’s credit score must be 620 or better
4. The Borrower must have verifiable income
5. The property must be the borrower’s primary residence

Short Pay Access works with the lender in order to complete the short pay refinance and gets the lender to write off a portion of the loan amount.   Doing a Short Pay Refinance gives homeowners the ability to refinance their homes at the fair market value.  The process involves paying off the current lenders loan at fair market value and then refinancing their home with a new lender at the current market value.

The Short Pay Access team led by licensed negotiators and assisted by experienced processors have carefully built working relationships with lenders.  The team is well versed in the lender’s requirements and preferences and uses this experience to help the homeowner without wasting any time dealing with unknowns.

To find out if you qualify for the Short Pay Refinance program contact the Short Pay Access team through the 'Contact Our Specialists' form on this page.

Let us help you with
'Short Pay Refinance'
Brand New Program with
NO Upfront Fees!
(This is not a loan modification or a short sale)
If you qualify for the program it could help you to

1. Keep your home
2. Lower your principal balance
3. Lower your monthly payment

To find out if you qualify: