Loan amount
$63,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$90,000
LTV
70%
{LTV}
Property type
Single Family
Borrower Details
Credit score
625
Deal experience
4 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Lorain
State
Ohio
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$63,000
Additional Loan Information
My Client has a free and clear property. His credit is only 625 because of high credit card balance. He uses the CC to fund his REHABs.
He just wants to do a cash-out refinance to pay down his CC and purchase his next project.
He just wants to do a cash-out refinance to pay down his CC and purchase his next project.
Status
Open
Created
March 29, 2023 - 7:53am
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