Loan amount
$40,500
Loan type
Refinance {Cash-Out}
As-Is Property Value
$75,000
LTV
54% {LTV}
Property type
Single Family
Borrower Details
Credit score
570
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Lima
State
Ohio
Loan Details
Current mortgage balance
$400
How much cash-out are you looking for?
$40,000
Additional Loan Information
Our home is currently OWNED by my grandfather. He purchased our home and we pay him a monthly amount of 400 dollars until the house is paid off to him. We are looking to pay off what we owe him on the house and additional money to fix our home. We do not have a mortgage there is no money owed to a bank or mortgage company we only owe my grandfather.
Status
Created
January 6, 2021 - 3:08am

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