SHORT SALE AND REFINANCE INFORMATION

Exit Gracefully”: Information about MHA’s Short Sale programs, read more about Short Sales, and how Settlement Prep can help you here.

FHA Short Refinance”: Information from MHA about short refinances, a product Settlement Prep has mastered over the past several years, learn more about how we can help reduce your principal here.

FHA Mortgagee Letter”: FHA will make loans to qualified borrowers as early as one day out of Short Sale (see page two). Call today to learn more about this amazing opportunity!

NATION WIDE LICENSING SYSTEM

You can use the NMLS consumer access database to quickly verify a licensee’s status in your state. Use the link below to verify you are working with a licensed entity! 

NMLS Consumer Access

Resources

NON-TRADITIONAL MORTGAGE PRODUCT GUIDES

The following links are from Consumer Financial Protection Bureau (CFPB) and Federal Deposit Insurance Corporation (FDIC) releases about non-traditional mortgage products. Our expert staff is always eager to assist you!

  • Consumer Handbook on Adjustable–Rate Mortgages
  • What you should know about Home Equity lines of Credit
  • Interest only Mortgage Payments and Payment Option ARMS – Are They For You?

More Resources for Homeowners:

  • US Department of Housing and Urban Development
  • Shopping for your home loan: HUD’s settlement cost booklet
  • Better Business Bureau
1-888-887-3117

WHO OWNS YOUR LOAN?

Check to see if Fannie Mae or Freddie Mac owns your mortgage. If so you might be eligible for a HARP Refinance, even if you are underwater, and should contact us today! 

Fannie Mae Lookup

Freddie Mac Lookup

PRINCIPLE REDUCTION TAX IMPLICATIONS

Considering one of our Principal Reduction Programs and have questions about the tax implications? Read about the 2007 Mortgage Forgiveness Debt Relief Act via the links below. (Read more about principal reduction opportunities here.)

The Mortgage Forgiveness Debt Relief Act and Debt Cancellation

The Mortgage Forgiveness Debt Relief Act of 2007 was extended through 2013 by the American Taxpayer Relief Act of 2012

CREDIT INFORMATION

Here is an explanation from the Federal Trade Commission (FTC) regarding resources to obtain your free annual credit report. Many companies offer this at a fee; the Fair Credit Reporting Act (FCRA) requires each bureau provide you a copy of your credit report once a year at no cost. Read more here.

Get your free credit report here on the FCRA authorized site:
www.annualcreditreport.com.

The FTC also provides this helpful guide to disputing errors on your report.​