Brett Wyman

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what is a short refinance?

Asked Wed Mar 19 2008, 14:58 by Iolanda C Ro… - 10309 - Financing - 6 answers

Brett Wyman answered:

A short refinance is similiar to a short sale, but allows the homeowner to refinance into a fixed rate loan with a lower principle balance. We negotiate with your current lender so they will forgive some of their note balance to make this possible; similar to a short sale. Go to http://www.rcsShortsales.com to learn more about a short refinance. - Fri Jul 25 2008, 13:49

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