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FINANCE
MORTGAGES / REFINANCE
Portfolio Restructuring
Investor Programs
Credit Report Repair

D.J. Shirley, MORTGAGE PLANNER
Licensed Mortgage Broker State of Florida

1324 Seven Springs Blvd. #302, New Port Richey, FLA 34655
e-mail:
YOUR BEST RESOURCE FOR MORTGAGES  727-433-4777

 D.J. Shirley, Licensed Mortgage Broker,
Licensed R.E. Sales Associate, Credit Repair, Retired R.E. Reg. Appraiser, NOTARY

RESIDENTIAL, MULTI-FAMILY, INVESTMENT & COMMERCIAL PROPERTIES:

  • NEED IMMEDIATE PRE-QUALIFYING?  
  • SHOPPING RATES and/or PROGRAMS?
  • NEED REFINANCING?  
  • IN NEED OF CREATIVE FINANCING?
  • LOOKING FOR FAST HARD MONEY?
  • DO YOU WANT TO PAY OFF YOUR MORTGAGE IN LESS THAN 1/2 THE TIME?
  • WOULD YOU LIKE TO KNOW HOW TO MAKE YOUR EQUITY WORK FOR YOU AND CREATE GREAT FINANCIAL BENEFITS?  
  • LOOKING TO UPDATE YOUR PORTFOLIO FOR A BETTER CASH FLOW?
  • NEED CREDIT REPAIR TO BRING YOUR SCORES UP TO RECEIVE BETTER INTEREST RATES & PROGRAMS?
    • EXCELLENT RATES!
    • GREAT PERSONALIZED SERVICE!
    • FIRST TIME HOME BUYER PROGRAMS!
    • PORTFOLIO RESTRUCTURING TO OPTIMIZE YOUR INVESTMENT'S PROFITS / CASH FLOW!
    • FAST PRE-QUALIFICATIONS!
    • HUNDREDS OF LENDER PROGRAMS!
    • THE FAMOUS MONEY MERGE ACCOUNT AND PAY OFF YOUR MORTGAGE IN 1/2 THE TIME!

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MORTGAGES/REFINANCE

D.J. Shirley, as Your Mortgage Planner; Licensed Mortgage Broker

e-mail:
YOUR BEST RESOURCE FOR MORTGAGES  727-433-4777

RESIDENTIAL, MULTI-FAMILY, INVESTMENT & COMMERCIAL PROPERTIES:

  • NEED IMMEDIATE PRE-QUALIFYING?
  • IN NEED OF CREATIVE FINANCING? 
  • SHOPPING RATES and/or PROGRAMS?
  • NEED REFINANCING?
  • NEED TO CLEAN UP YOUR CREDIT REPORT?
  • LOOKING FOR FAST HARD MONEY?  PRIVATE MONEY?
  • WANT TO PAY OFF YOUR MORTGAGE IN LESS THAN 1/2 THE TIME? 
  • WOULD YOU LIKE TO SEE WHAT YOUR EQUITY CAN DO FOR YOU AND YOUR RETIREMENT? 
  • LOOKING TO UPDATE YOUR PORTFOLIO FOR A BETTER CASH FLOW?
    • EXCELLENT RATES!
    • GREAT PERSONALIZED SERVICE!
    • FIRST TIME HOME BUYER PROGRAMS!
    • PORTFOLIO RESTRUCTURING TO OPTIMIZE YOUR INVESTMENT'S PROFITS / CASH FLOW!
    • FAST PRE-QUALIFICATIONS!
    • HUNDREDS OF LENDER PROGRAMS!
    • FHA, CONVENTIONAL FINANCING
    • THE FAMOUS MONEY MERGE ACCOUNT!

CALL NOW or
Fill out the Form at the Finance Page of this website
727-433-4777

OR E-MAIL @
YOUR BEST RESOURCE FOR MORTGAGES!
FHA, VA, CONVENTIONAL & HARD MONEY AVAILABLE
 success comes from the heart first.  DJ

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SHORT RE-FI

The Short Payoff Refinance, which is done through standard FHA Loan Program.

Where as a "Short Sale" has become a well known solution for borrowers to avoid foreclosure by selling their home for less than what is owed, the “Short Payoff Refinance” (Short-Pay Refi or SPR) is becoming a popular tool for borrowers to retain their home.

What’s a Short-Pay Refi?

This process is similar to a short sale but, instead of the property being sold, it is refinanced with a new lender.  A Short-Pay Refi is unique in that it allows the borrowers to keep their home, lower their payments and eliminate the upside down equity in their homes while reducing their principal.  

The transaction itself is a basically a three part process.  Negotiations are done by the broker in conjunction with the borrower and the lien holder.  Once the bank/loan servicer accepts the offer presented, we can complete the new loan transaction.

Who should get a Short-Pay Refi?

For those borrowers that still have decent credit, ficos, income and no mortgage lates but do to a decline in the value of their home (owing more than it’s worth), a Short-Pay Refi is the perfect solution.  Aside from the decrease in the home’s value, there are certain scenarios where the current lender will be more open to the proposal, specifically, where there are financial challenges on behalf of the borrower and where default may be imminent due to these challenges or where the mortgage interest rate is scheduled to adjust upward.  You may also want to take into account loan costs when negotiating the short payoff amount.  Remember, we intend to refinance the borrower into a low fixed rate FHA loan at the highest LTV possible. This allows the borrowers to put the brakes on before everything gets away from them and spins out of control.  Broker should explain to the borrowers that after the transaction is complete and the lien holder is paid off, it’s completely up to that lien holder as to how they are going to rate the paid-off mortgage to the credit bureaus. Depending on the lender, it may be filed as: Paid In Full, Settled, Charged-off, Paid for Less than Balance, etcetera. This should be something they would want to discuss during the negotiations.

Why would the bank/loan servicer agree to a Short-Pay Refi and not just foreclose on the property? 

Banks/Loan Servicers books are becoming swamped with REO’s, so now they’re more amenable to negotiations then ever. Remember, foreclosing on a property requires large amounts of legal fees and then the home is typically sold at a substantial discount off of the fair market value.  The Short-Pay Refi allows the loan servicer to avoid the majority of the legal fees and let's the new lender make its largest loan based on the fair market value.  When a Loan Modification can’t solve the problem as many loan servicers are not lenders, a Short-Pay Refi becomes a very powerful alternative. Short-Pay Refi’s put borrowers in better positions then standard loan modifications because aside from lowering the payment, they also lower the balance owed.  With All Rights Reserved.



CNBC 2008, March 12

 

INVESTORS:

  • BULK NOTES & BULK REAL ESTATE AVAILABLE AS LOW AS .10 ON THE DOLLAR


Foreign Investors and/or Out of State Buyers:

Inquire @ RealEstateMatrix2012@gmail.com

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Seeking:
Private Investors
Hard Money Lenders
Private Lenders

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FINANCE:
In economics, a financial market is a mechanism that allows people to easily buy and sell (trade) financial securities (such as stocks and bonds), commodities (such as precious metals or agricultural goods), and other fungible items of value at low transaction costs and at prices that reflect the efficient market hypothesis.

Financial markets have evolved significantly over several hundred years and are undergoing constant innovation to improve liquidity.

Both general markets (where many commodities are traded) and specialized markets (where only one commodity is traded) exist. Markets work by placing many interested buyers and sellers in one "place", thus making it easier for them to find each other. An economy which relies primarily on interactions between buyers and sellers to allocate resources is known as a market economy in contrast either to a command economy or to a non-market economy such as a gift economy.

In finance, financial markets facilitate--

*                   The raising of capital (in the capital markets);

*                   The transfer of risk (in the derivatives markets);

*                   International trade (in the currency markets)

--and are used to match those who want capital to those who have it.

Typically a borrower issues a receipt to the lender promising to pay back the capital. These receipts are securities which may be freely bought or sold. In return for lending money to the borrower, the lender will expect some compensation in the form of interest or dividends.

More from wilkipedia …….LINK:   http://en.wikipedia.org/wiki/Financial_market

 

Fractional-reserve banking is a banking practice in which banks are required to keep only a fraction of their deposits in reserve with the choice of lending out the remainder while maintaining the obligation to redeem all deposits upon demand. This practice is prevalent worldwide and is considered to be the customary form of banking system.[1][2]

 More at:  http://en.wikipedia.org/wiki/Fractional-reserve_banking


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CALL NOW:  727-433-4777  OR E-MAIL @
YOUR BEST RESOURCE FOR MORTGAGES!
FHA, VA, CONVENTIONAL & HARD MONEY

DJ Shirley, Your Mortgage & Investment Planner
as Lic. Mortgage Broker


with All Rights Reserved.




Diamante One, Inc., and/or D.J. Shirley and their affiliates makes no claims, warranties and no guarantees of the Free Vacations; Instant Web Sites Unlimited; Interest Saving Programs; Creative Financing; Real Estate; Credit Report Repair; Profit or Interest Saved; Condition of Real Estate and/or Lender/Bank Approvals.  Any and all Real Estate Investment & Mortgage decisions are solely based at the risk of the Investor, Seller and Buyer's discreton, thereby, Diamante One, Inc. and/or D.J. Shirley are held totally harmless.  Time is of the Essence.

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