Loan amount
$70,500
Loan type
Refinance {Cash-Out}
As-Is Property Value
$125,000
LTV
56% {LTV}
Property type
Single Family
Borrower Details
Credit score
500
Deal experience
5 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Rochester
State
New York
Loan Details
Current mortgage balance
$1
How much cash-out are you looking for?
$70,000
Additional Loan Information
Single family residence we acquired and renovated in 2021/2022. We currently have a tenant in the property paying $1,250 per month rent. We would like to refinance and cashout. With the funds we have 2 other properties that we have started to renovate and will use the money to complete the other 2 properties.
Status
Created
December 5, 2022 - 8:23pm

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