Debt Payoff, Rate Reduced
- Price: $975,000
- Property Type: Residential
- Beds: 5
- Baths: 4
Property Description
The Challenge The Solution The Outcome
The borrower wanted a cash-out refinance to lower their rate and pay off credit card debt but didn’t initially meet credit or income requirements.
We rescored the borrower’s credit, used 12 months of bank statements to qualify, and structured the refinance to meet guidelines.
The loan funded successfully, paying off credit card debt, lowering the mortgage rate, and saving the borrower about $2,000 per month.
Property Details
| Price: $975,000 |
| City: Corona |
| State: CA |
| Zip Code: 92883 |
| Beds: 5 |
| Baths: 4 |
