Loan amount
$300,000
Loan type
Refinance
{Rent&Hold}
As-Is Property Value
$542,000
LTV
55%
{LTV}
Property type
Single Family
Borrower Details
Credit score
560
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Bowie
State
Maryland
Loan Details
Current mortgage balance
$300,000
Additional Loan Information
My father died and left the house to me. He had refinanced twice. I started a new high paying job recently as well as bringing in family to pay rent. I’ve secured 2300 a month plus my paycheck (part of the mortgage) my dad died last month. I paid the mortgage for march. And can make payment up to 2800 a month in perpetuity. I don’t want to sell the house when I can afford to refinance with a lower credit score.
Status
Open
Created
April 6, 2024 - 7:14am
Hard Money Lenders Now Offering Real Estate Investor Loans in Maryland Baltimore | Frederick | Rockville | Gaithersburg | Bowie | Hagerstown Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans