Loan amount
$140,000
Loan type
Refinance {No Cash-Out}
As-Is Property Value
$250,000
LTV
56% {LTV}
Property type
Single Family
Borrower Details
Credit score
580
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Glendale Heights
State
Illinois
Loan Details
Current mortgage balance
$140,000
Additional Loan Information
I have an owner-occupied home with a mortgage balance of 140000. The value of the home is about 250000. I need to pay off existing balance (no additional cash out) and keep my payments as low as possible for the 1st year. I am a newly licensed real estate agent in Illinois and need a little time to get established. I would be looking for a 5 year loan, possibly interest only, with a baloon on the end. I need to get this done ASAP. Thank you for your help.
Status
Created
January 17, 2022 - 1:03pm

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