💥 MCF TO THE RESCUE 💥
Location: North Fort Myers, Florida
Property Type: Investment
Occupation: Real Estate Investor
Loan Purpose: Cash-Out Refinance
Loan Amount: $150,000.00
$ Cash-Out: $139,000.00
🛑 The Problem:
- An owner of several properties was seeking cash to grow their real estate portfolio. They were denied by several other lenders due to antiquated underwriting guidelines that quite frankly treat investors in an unfavorable light versus primary residence buyers.
🙌 The Solution:
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At MCF Mortgage, however, we used our institutional knowledge of real estate investments to find the right program for the investor.
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Our team assured the investor that we could close this type of loan and fast by utilizing common-sense underwriting guidelines.
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The MCF Mortgage Portfolio Program was the perfect fit. We secured the investor a long-term fixed rate and provided $139,000 in cash for the new property down payment… DONE!
As always, remember to Mortgage IntelligentlyTM
