💥 MCF TO THE RESCUE 💥
Location: Bowie, Maryland
Property Type: Investment
Occupation: Self-Employed Real Estate Investor
Loan Purpose: Cash-Out Refinance
Loan Amount: $171,500.00
$ Rate Reduction: 3.875%
$Cash-Out: $40,000.00
🛑 The Problem:
- A real estate investor with multiple properties, all with looming balloon payments, needed to refinance and access cash for property improvements.
- After numerous inquiries to other lenders that all led to dead ends, the investor was referred to MCF Mortgage.
🙌 The Solution:
- We understand the unique financing paths that real estate investors travel. After speaking with the investor, we advised that their best course of action would be the MCF Mortgage Portfolio Program.
- We structured their financing to remove the balloon payment, reduced their rate by 3.875%, and provided $40,000 in cash at closing.
- In addition to these benefits, we were able to keep their monthly mortgage payment the same.
As always, remember to Mortgage IntelligentlyTM
