Loan amount
$75,000
Loan type
Refinance {Cash-Out}
As-Is Property Value
$120,000
LTV
63% {LTV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Saratoga
State
Arkansas
Loan Details
Current mortgage balance
$100
How much cash-out are you looking for?
$74,900
Additional Loan Information
I purchased this property for $22,000 in 2009. It is the last of several pieces of property I invested in here. I have sold several over the past few years including $500,000 in real estate last year. I've invested a lot of work into this particular home replacing sofit, facia, and installing a new roof in the last 2 years. I'd like to cashout some of my equity, make some minor repairs, and rent it out until the price is right.
Status
Created
September 29, 2023 - 2:15pm

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