💥 MCF TO THE RESCUE 💥
Location: Madeira Beach, Florida
Loan Type: Cash Out investment duplex
Loan Program: Flex-Income
Loan Amount: $309,000
🛑 The Problem:
- Recently divorced borrower was awarded a duplex investment property and needed a quick refinance to access equity in the property.
- The borrower had no documentable income to qualify for anything, including alt-doc Non-QM options.
- The loan had sat in processing for 30 days with another lender before being brought to MCF Wholesale.
- To add even more complexity to the situation, the borrower’s FICO was under 650 due to recent credit card lates.
🙌 The Solution:
- MCF Wholesale has a variety of ways to help borrowers with their investment properties and this was no exception!
- Using our Flex-Income investment program our broker was able to help his client access the cash she needed and will be returning for more investment deals soon!
✅ The Take-Away:
- The market has tightened, every deal, every borrower, every Realtor® and every basis point counts!
- Consider MCFW’s Flex-Income on your next investment loan.
As always, remember to Mortgage IntelligentlyTM
