Ray and Nimi Singhal Office: 651-486-5628 Cell: 651-398-6261 Res: 763-795-8979 Fax: 651-483-3681

Loan Refinance and Modification

The Singhal Team wants you to know your options when facing tough situations in today's Real Estate market. Some homeowners may qualify for various "Affordable Refinance" programs available. In other cases, a homeowner may be able to go through a "Home Loan Modification" program where the terms of the mortgage are re-negotiated. In each case there are many guidelines and requirements, so we are giving you an overview below.

Affordable Home Loan Refinance	Affordable Home Loan Modification
For homeowners who have suffered a loss in property values but who have consistently made their payments on time and can benefit from a reduced interest rate or payment.	Homeowners who are behind in their payments, or on time but struggling, may be able to have their mortgages modified to more affordable terms
Mortgage payments current Single family or up to 4 units Income to qualify for new payment Lower interest rate, lower payment More stable loan product (ARM vs. Fixed) New loan amount not to exceed 105% of value Conforming loan limits Fannie Mae or Freddie Mac	Owner-occupied primary residence Loan originated on or before 1/1/09 First-lien loans up to $729,750 (Higher for owner occupied 2-4 units.) Fully documented income, IRS 4506-T, 1040, pay stubs. Signed affidavit of financial hardship, job loss, medical issue, etc. Occupancy verification & credit report Not for investment, vacant, or condemned properties. One-time-only modification Program availalbe now through 12/31/12

For more information on howThe Singhal Team can help you,
please fill out our convenient online form.

OR CALL 651-486-5628 TODAY TO SET UP A FREE AND CONFIDENTIAL CONSULTATION!

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Ray and Nimi Singhal  (651) 486-5628 direct  Coldwell Banker Burnet 100 Village Center Drive St. Paul, MN 55127 (651) 398-6261 cell CRS, ABR, GRI, e-Pro 500, ESA, SRES Platinum Producer (top 1% nationally)