Short Pay Option Refinance

The Alternative your lender won’t tell you about!

Why is your lender willing to accept a larger potential loss having you sell your home in a short sale for far less than what you owe on your loan?  MUCH less than what you ask them to adjust your loan to so you can afford your home?  Why do they turn down short sale offers then sell the homes for far less to investors after they’ve foreclosed on you?


  • You only asked for a small reduction from what you owe.
  • You’re willing to continue paying a reasonable rate on interest to them versus none if foreclosed or short sold.
  • In most cases a lender will need to reduce your home’s price by as much as 20% under market value to attract a buyer minus 9-11% for cost of the Sale.
  • In may cases the home is sold after foreclosure for a fraction of what the previous homeowners proven affordability range.

A Short Sale will typically net out your lender from 10% to 30% under market value when a short sale is finalized leaving a net of 70-90% LTV.

SHORT PAY OPTION REFINANCE will net a lender from 95 up to 125% Loan to Value (LTV) ranging from an FHA, Conventional as well as the Home Affordable Refinance Program Guidelines that does not require ANY credit score and disregards debt ratios.

You the homeowner wind up owning your home for close to your home’s current market value just as if you bought an identical home in your neighborhood today without having to leave your home and your lender nets out far more than a short sale or a foreclosure sale.

So why does your lender not voluntarily want you to exercise this viable alternative even though certain laws recommend all alternatives be explored that benefit all parties i.e.: N.P.V. (Net Present Value) SB 1137

Categories News and Events | Tags: | Posted on September 3, 2011

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