💥 MCF TO THE RESCUE 💥
Location: Bowie, Maryland
Property Type: Investment
Occupation: Real Estate Investor
Loan Type: Cash-Out Refinance
Loan Amount: $126,000.00
$ Cash-Out: $30,000.00
% Rate Reduction: 3.875%
🛑 The Problem:
- Several lenders denied an investor based on how they calculated income.
- Investor was denied even though he had substantial income.
- The investor had an upcoming balloon payment.
🙌 The Solution:
- Our MCF Mortgage Portfolio Program was perfect for this investor’s situation.
- We used common-sense underwriting guidelines to calculate their true income.
- From application to closing, the loan process took 29 days.
- We reduced their interest rate by 3.875% and extracted $30,000 in cash from the property’s equity.
As always, remember to Mortgage IntelligentlyTM
