💥 MCF TO THE RESCUE 💥
Location: Conroe, Texas
Property Type: Primary Residence
Loan Type: Home Purchase
Purchase Price: $575,000.00
$ Rescued Commission: $17,250.00
🛑 The Problem:
- Buyers had relocated from the east coast to Texas and had started a new business. They could not document income to qualify for their new home purchase.
- They were purchasing a new construction property and learned the hard way that the financing process is not always smooth as their lender had promised.
- They were being forced to do an investment property loan when the property was their principal residence. When they were denied for refusing to falsely say this was an investment home, they believed their dream had gone by the wayside but in retrospect, it was a blessing in disguise.
🙌 The Solution:
- With excellent credit, these homebuyers were tailor-made for MCF Mortgage’s Portfolio Program.
- We rescued their purchase so they could fulfill their dream of homeownership and saved the hard-working REALTOR® and their well-deserved $17,250.00 commission.
- And guess what—the borrowers got to buy the property as a principal residence and did not have to misrepresent their occupancy on the loan application. The nerve of some lenders! 😡
As always, remember to Mortgage IntelligentlyTM
