Loan amount
$50,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$71,000
LTV
70%
{LTV}
Property type
Single Family
Borrower Details
Credit score
640
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Sterling
State
Alaska
Loan Details
Current mortgage balance
$40,000
How much cash-out are you looking for?
$10,000
Additional Loan Information
The loan we have has a $40,000 payoff amount that we do not have in cash. We need to refinance. The home is not finished so we cannot get a “normal” mortgage. The cash out will put in the septic and hook up the well.
The value of the property that we listed is the Borough easement. This not include the well, or the out building.
The property is 10 acres that we want to put rental cabins on
The value of the property that we listed is the Borough easement. This not include the well, or the out building.
The property is 10 acres that we want to put rental cabins on
Status
Open
Created
August 10, 2022 - 11:58am
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