💥 MCF TO THE RESCUE 💥
Location: Miramar, Florida
Purpose: Cash-Out Refinance
Occupancy: Investment Property
Interest Rate Reduction: 3.125%
$ Monthly Savings: $801.66
$ Yearly Savings: $9,619.92
🛑 The Problem:
- A real estate investor, a foreign national, was in an impossible situation on a hard money loan with an upcoming balloon payment due in 3 months.
- After being denied by another lender and not knowing where to turn they were referred to MCF Mortgage by one of our referral partners.
🙌 The Solution:
- After an initial discussion with us, we determined the best direction for financing was with our MCF Mortgage Portfolio Program.
- We structured the financing with a 30-year fixed rate and cut their interest rate by 3.125%, saving them approximately $800/mo in payments.
As always, remember to Mortgage IntelligentlyTM
