Loan amount
$118,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$195,000
LTV
61%
{LTV}
Property type
Single Family
Borrower Details
Credit score
540
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Big Stone Gap
State
Virginia
Loan Details
Current mortgage balance
$68,000
How much cash-out are you looking for?
$50,000
Additional Loan Information
Found a property local I can purchase for $20k. With some rehab, property can be worth $180k. Would like to use equity in our home to purchase and fund the flip.
Status
Open
Created
February 12, 2024 - 4:01am
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