San Ramon, California (PRWEB) April 20, 2010
Short Pay Access, provider of the short pay refinance solution for homeowners and real estate professionals nationwide, is hosting a special meeting on ‘Short Pay Refinance’ (http://shortpayaccess.eventbrite.com/) on Wednesday April 21st from 6:30 pm to 9:00 pm at the Hyatt Place Dublin, California.
A Short Refinance (or short pay refinance), also known as a short payoff, is a program for borrowers to retain their home, lower their principal balance and most importantly; lower their monthly payment with a fixed rate FHA insured loan. The program is a full document loan and negotiation process helping homeowners eliminate negative equity. This is not a loan modification or a short sale. It is a complete refinance and payoff of the existing loan. The existing loan will be replaced with a new “smaller” mortgage loan, possibly at a better rate than the current rate. A Short Refinance is mainly designed for a homeowner who can fully qualify for a new loan, yet wishes to remain in their home with a Reduced Loan Balance. It is a transaction where the lender agrees to accept less than the full amount owed. Instead of the property being sold, it is refinanced with a new lender. The short refinance allows the homeowner to retain ownership of their property, while at the same time avoiding a foreclosure or possible bankruptcy.
According to Ketan Naran, co-founder of Short Pay Access (http://www.ShortPayAccess.com) “We understand the stress that homeowners are undergoing as a result of the downturn in our nation's economy. Homeowners feel helpless and trapped by their current upside down mortgage and the loss of their home's value. The good news is that our company Short Pay Access is here to help homeowners and is able to offer them the best short pay refinance program available on the market today. By qualifying and using the Short Pay Refinance program, homeowners have the ability to refinance their home at its current market value. I am confident that the information provided at the April 21st meeting to homeowners with upside down mortgages will help them make an informed decision. This meeting will also prove exceptionally useful for Real Estate Professionals who will learn how they and their clients can benefit from this program"
For more information and to register for the April 21st short pay refinance meeting visit http://www.shortpayaccess.eventbrite.com/
About Short Pay Access:
Most people do not have the resources, process knowledge, or experience needed to go through the short pay refinance process by themselves. Short Pay Access, with its expert finance and negotiation team, assists Homeowners and Real Estate Agents nationwide with their short pay refinancing.
For more information about the short pay refinance program and the April 21st meeting visit http://www.ShortPayAccess.com or contact Sudha Bharat: 925-309-6109
Contact Person: Sudha Bharat
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