We Can Help You Help Your Clients

In the current environment, you are bound to come accross clients that need to refinance but cannot. We can help many of these clients through helping them with a loan modification, or a short payoff for a reverse mortgage refinance, in the case of clients over 62. Our commitment is to treat your clients with the same professionalism and care that you provide. In the end, we hope to be able to provide a solution for your clients that leaves them delighted with the outcome so they return to you in the future when they are ready for a loan again.

What Lenders Won`t Tell You:

The average homeowner with a successful loan modification saves $576 a month.
99% of loan modifications submitted are incomplete and rejected. We guarantee the lender will receive all necessary documents.
Over half of successfully completed trial modifications are not approved because of errors and omissions in the file. Our process ensures that this will not happen.

Short Reverse Refinances Save Homes!

Reverse Refinance mortgages are a great way for homeowners over the age of 62 to cut down their monthly expenses and even turn a unsustainable financial situation into a sustainable one. For many people on a fixed income, it can be the answer to saving their homes and avoiding eventual foreclosure. Homeowners can qualify generally regardless of credit blemishes or bad credit in general, as it is based on their home`s valuation. The main downside is that becuase proceeds from a reverse mortgage are based on the home`s current valuation (70% LTV upwards), reverse mortgages are not an option for many homeowners becuase they already owe more than the perspective reverse mortgage would provide, putting them upside down.

There is hope for these situations, however...

Short-Payoffs Can be Negotiated for a Reverse Mortgage Refinance:

Mortgage Mitigators has successfully negotiated a number of short-payoffs for reverse mortgage refinance situations, allowing homeowners to stay in their home while eliminating their monthly mortgage paymets.

Lender`s agree to a short payoff in a situation like this for the same reason they agree to short sales, its in their financial interest!

In the past, a lender would typically never agree to a short-payoff unless they were assured that the homeowner would have no ownership interest after the short sale. In the current environment, there has been a loosening around this rule - especially in the case of elderly borrowers. Mortgage Mitigators has a proprietary method to negotiate on behalf of a reverse mortgage candidate to get their existing lender to accept the payoff proceeds for payoff of their existing mortgage. The key to the process is the banks valuation of the property as an asset - we focus on making it a net-present-value positive proposition for the lender to take the short payoff versus proceed with a costly and timely foreclosure process.

Contact us to learn how to obtain a short payoff for a reverse mortgage refinance!

info@mortgagemitigators.com