How to get borrower to refi?
HI Note Investors,
I currently hold a reperforming note where the borrower has a very impressive track record of 24 months of payments since her loan mod. I would like to help get her refi'd so 1) she will save money and 2) I can exit this investment with a significant profit.
What steps should I take to get her to refi? Should I write a letter to her explaining she can be saving hundreds of dollars each month in interest if she refi's? What strategies have you employed?
Thank you!