Acinc Mtg Group Lakeland FL. Short Refinance/Principal Reduction
When equity is the biggest stumbling block, a short refinance is a great option that reduces the principle you owe.
Acinc mtg group services and Lends in all states EMAIL for information ACINCMTG@GMAIL.COM
YOU WILL HAVE A NEW FHA LOAN AT TODAY'S CURRENT VALUE. YOUR CURRENT LENDER PAYS ALL OF YOUR NEW LOANS CLOSING COSTS-NO OUT OF POCKET EXPENSE
How a Short Refinance Works -- An Example:
It's a difficult scenario to face: You owe more than your home is worth.
In a short refinance, the lender agrees to forgive the amount of principle you owe above what your home is worth, and allows you to refinance your mortgage with new terms (much as you would in with a typical refinance).
In short...you stay in your home with much more affordable payments.
Inside the Numbers...
Let's assume your home was purchased for $240,000 but is now worth only $160,000. Here's how a short refinance could save you $633.43 per month.
Current Mortgage
Principal: $240,000
Rate: 6.5%
Term: 30 years
Current Payment: $1516.96
New Mortgage
Principal: $160,000
Rate: 5.25%
Term: 30 years
NEW PAYMENT $883
SAVES $633/month retains all equity
Acinc Mtg Group negotiates with your current lender to forgive $80,000 based on your home's current $160,000 value. We then refinance your loan as well.
Our Short Refinance Experts Negotiate For You. Current Lender PAYS YOUR CLOSING $
Acinc Mtg Group experienced staff can work with your lender to help you reduce your principle and avoid foreclosure and more significant damage to your credit. We can then refinance your mortgage with better rates, and payments that work within your budget.
EMAIL us at ACINCMTG@GMAIL.COM now, and we can discuss your situation in greater detail. There's no risk. No pressure. And no obligation. We're here to help
Call Direct; 954.934.5422
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