Short Payoff

Short Payoff

What is a Short Pay Off?
A Short Payoff is when you offer the bank 75% of what your house is worth in today’s market.

How Do I qualify?
1. You have to be current on mortgage (s) 1st and 2nd
2. You have to have a Min credit score of 700 or 660 (case by case)
3. Your bank has to be willing to give you a Short Sale Approval
4. You have to Provide full documentation of Employment and liquid assets
5. You have to have at least 3 months of Payments reserved

What are the Interest Rates?

1. 3yr fixed Mortgage starting a@ 4.5% amortized around 30 years
2. 30 yr fix starting @ 6.5%

What is the Next Step?

1. Call your Mortgage Holder to request a short sale approval ,for 75% of market value.
2. Call me or fill out a Click Now! For Pre-Approval !

Cali Mortgage Rates

Provide by Milestone Mortgage

CA DRE Lic. #01450658