Loan amount
$1,100,000
Loan type
Refinance {Cash-Out}
As-Is Property Value
$1,300,000
LTV
85% {LTV}
Property type
Single Family
Borrower Details
Credit score
650
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Elmhurst
State
Illinois
Loan Details
Current mortgage balance
$1,000,000
How much cash-out are you looking for?
$100,000
Additional Loan Information
I own 2 businesses and have a good paying job. I want to leverage money to pay down my debt to income ratio. So when I sell within 8-12 months I pay the investor and get my credit is back in the 800's
Status
Created
September 19, 2022 - 10:39am

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