💥 MCF TO THE RESCUE 💥
Location: Warrenton, Virginia
Property Type: Primary Residence
Occupation: Business Owner
Loan Purpose: Cash-Out Refinance
Loan Amount: $477,000.00
$ Cash-Out: $176,000.00
🛑 The Problem:
- A business owner who was seeking a significant influx of cash for an upcoming investment decided on a cash-out refinance on their primary residence.
- Conventional financing would be an issue due to the ebb and flow of their business cash flow along with an entrepreneur’s tax documentation.
- Knowing this, the homeowner sought alternatives to conventional financing and they were advised to reach out to MCF Mortgage.
🙌 The Solution:
- From the first conversation, we assured the business owner that financing would not be an issue and we would not require reams of financial documentation.
- After working with our team on program alternatives, we came to an agreement that the MCF Mortgage Portfolio Program with long-term ARM program was the best path to follow.
- MCF Mortgage was able to close this loan in 22 days and provided the business owner with $176,000 at the settlement table for their upcoming investment plans.
As always, remember to Mortgage IntelligentlyTM
