💥 MCF TO THE RESCUE 💥
Location: Bowie, Maryland
Property Type: Investment
Occupation: Real Estate Investor
Loan Type: Cash-Out Refinance
Loan Amount: $140,000.00
$ Cash-Out: $28,000.00
% Rate Reduction: 3.875%
🛑 The Problem:
- An investor with several properties in their portfolio needed cash for home improvements.
- This property was originally financed by a hard money lender and that comes with many risks—one being an impending balloon payment.
- The investor was denied the loan by another lender who didn’t understand the investment marketplace.
🙌 The Solution:
- Our MCF Mortgage Portfolio Program is perfect for investors.
- Our program was able to refinance the hard money loan into a long-term fixed rate.
- This reduced their interest rate by 3.875% and dropped their monthly payment significantly.
- We also extracted $28,000 in cash from their properties’ equity.
As always, remember to Mortgage IntelligentlyTM
