This document contains frequently asked questions about an underwater mortgage refinance program. It explains that the program can help homeowners build equity by refinancing underwater mortgages. There are no upfront fees other than an appraisal and credit check. Interest rates are based on credit scores. The program only gets paid if a mortgage is successfully refinanced, so they are motivated to complete deals. The refinance process takes 6-8 weeks. Homeowners should continue making regular mortgage payments.

1. FAQ
http://refinanceunderwatermortgagehelp.com is the only program that can help homeowners
with an underwater mortgage build Equity into their property. Check it out today. We have
attached some of the common questions we are receiving about our “Refinance Underwater
Mortgage Help” program.
Is there any upfront costs?
Answer: The only cost (out-of-pocket) is for the appraisal and the credit score.
What will my interest rate be?
Answer: Your interest rate will be determined by your credit score. Have a high credit score
and you will have a lower interest rate. Have a low credit score and you will have a higher
interest rate.
Why do you have the homeowner pull the credit score?
Answer: If a company pulls your credit score it is called a “Hard” hit. It can lower the credit
score. Every time someone checks your credit it may lower the score. However, IF the person
is checking their own score there is NO negative affect. A person can check their score as
many times as they wish and it will NOT affect their score negatively.
How do you get paid?
Answer: We do NOT charge any fees upfront. We ONLY get paid IF we are able to purchase
the note from the bank and refinance it with you. We are a RESULTS Bases business model.
We ONLY get paid from results. No results=no pay.
Is this legal?
Answer: YES, Banks have been selling mortgage notes to other banks and investors for
decades. For many of you, the initial mortgage you signed up with had been sold to another
bank at some point in time. This has happened multiple times with fewer people. Once the new
bank or investor has the mortgage they can make modifications to it (ie. lower the balance or
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2. change the interest rates).
Is there any Guarantees?
Answer: No, we can’t make any guarantees. We have no control over whether or not the
banks will sell us the mortgage. There may be variety of reasons why they may not sell the
mortgage. Another factor is the amount the bank is willing to sell the mortgage. However, we
are very motivated to close the deal, because IF we are unable to buy the mortgage we do NOT
get paid.
How long will the process take? (UPDATED 9/10/12)
Answer: The process is taking approximately 6 to 8+ weeks. One of the forms we send the
bank is taking 2-3 weeks for most to respond. There are no quick fixes. We try our best to
work as fast as we can; however, the banks have thousands of loans they are working.
Is there a problem if I have 2 mortgages?
Answer: IF both loans are at the SAME bank there is not a problem. However, if the loans are
at different banks there could be a potential problem since we would have to negotiate with
BOTH banks and BOTH banks have to agree to sell us the mortgage note. If one bank agrees
and the other banks refuses to sell the mortgage, then we are unable to help the homeowner.
This will be handled in a case by case situation. There are many factors that may affect
whether we are able to help the homeowner or not. One is the amounts of the mortgages and
how far upside down or underwater the mortgage the homeowner is. NOTE: If the homeowner
has 3 of more mortgages on the property, unfortunately we are unable to help. Unless they are
all with the SAME bank.
Do I continue to pay my mortgage payments?
Answer: YES, continue making your payments as always.
underwater mortgage help faq
underwater mortgage help faqhttp://www.refinanceunderwatermortgagehelp.com is the only
program that can help homeowners with an underwater mortgage build Equity into their
property. Check it out today.
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3. Refinance Underwater Mortgage Help
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