I need a short refinance lender, fast.

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Icon Mini Profile aircop66




Joined: 05 Jan 2009

Posts: 2

2.03 Dollars($)
PostPosted: Mon Jan 05, 2009 8:30 pm    Post subject: I need a short refinance lender, fast.

I am approved by my current lender for a short refi because of a financial hardship, but I can not find a lender because I am 3 month past due on my payments. Does anyone know a lender that will help me out? A loan modification will not work in our current financial situation, I have already tried it. Someone please let me know something fast. Thanks in advance, Aaron.
Icon Mini Profile jameshogg
jameshogg



Joined: 20 Dec 2005

Posts: 5148
Location: nevada
642.92 Dollars($)
PostPosted: Mon Jan 05, 2009 11:25 pm    Post subject:

Hi aircop,

Isn't your lender giving you a short refinance? You can get a short refinance from your lender as well. This community has a large number of lenders. You can speak to them and seek a no obligation free mortgage consultation. This will help you to know what kind of rates and terms you might get. Let's hope they will be able to help you.

Thanks
Icon Mini Profile aircop66




Joined: 05 Jan 2009

Posts: 2

2.03 Dollars($)
PostPosted: Thu Jan 08, 2009 8:29 pm    Post subject: No

It is a servicing company and they only agreed to the short refi. I need a lender to take a chance on me. Before this, I would have never thought I would be in this situation, but I am and I need some help. Someone has to know someone.
Icon Mini Profile adonis
adonis



Joined: 22 Oct 2005



Posts: 4719
Location: ALASKA
255.10 Dollars($)
PostPosted: Fri Jan 09, 2009 12:35 am    Post subject:

You can follow the advice given by James and speak to the lenders of this community. Check with if you are eligible for a short pay refinance or not or what type of rates you can get in the market. If possible you should also speak to the local lenders and see what rates they are offering to you.
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PostPosted: Fri Nov 13, 2009 4:47 pm    Post subject: i need a short-refinance-broker

Hi,I'm in a situation like millions out there I want to keep my home but I can't find any lender that would refinance me.I have no equaity in this house,is there any short-refinance lenders-broker working with property in new york? owner occupy,please let me know thanks.

[E-mail address deleted as per forum rules. Thanks.]
Icon Mini Profile Niicss
Niicss



Joined: 03 Oct 2005

Posts: 3211
Location: New Jersey
506.48 Dollars($)
PostPosted: Mon Nov 16, 2009 1:45 am    Post subject:

As there is no equity in the property, it won't be possible for you to get a refinance. Lenders won't refinance the loan if you don't have at least 20% equity in the property. As you want to keep your home, you should apply for a loan modification with your lender.
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