💥 MCF TO THE RESCUE 💥
Location: Rockville, Maryland
Property Type: Consolidation Refinance
Loan Type: Investment Property
Purchase Price: $431,000
$ Monthly Savings: $2,025.00
🛑 The Problem:
- A retired real estate investor wanted to consolidate a first and second mortgage on their investment property but due to their unique financial circumstances, they would no longer qualify for a conventional refinance.
- Not only did this investor have excellent credit along with significant assets, but unfortunately was denied by a lender because supporting information did not meet their lender’s underwriting guidelines.
🙌 The Solution:
- MCF Mortgage Portfolio program. From application to settlement was a 20-day process as we consolidated the first and second mortgages, saving the investor $2,025/month.
As always, remember to Mortgage IntelligentlyTM
