Question by hotguyfromrincon: Anyone heard of a “short pay refinance” option on home mortgages? How does it work?
Best answer:
Answer by heidifmolina
I’ve never heard of mortgages having that “option” A short pay refinance is done when you need to refinance and you qaulify for the loan but the house is upside down in value. Then it’s up to the bank to accept a short payoff on the home without coming after you for the difference. These are being done as long as the bank agrees to the terms, contact an FHA HUD approved lender and get more info from them.
Add your own answer in the comments!
No i haven’t come across such quote this is the first time i’m hearing and that also from you pretty strange!!!
http://www.4refinancemortgage.com