800.883.8290PROPERTY:
Jones Falls Terr, Baltimore, MD 21209
DESCRIPTION:
- This is a cash out refinance of a property the borrower owns free and clear. It was purchased for $160,000 cash in Mar 2016.
- Cash back at closing is $85,000
- Funds will be used to purchase another property.
PROPOSED TERMS:
| Loan Type: | Refinance |
| Loan Amount: | $95,000 1st Mortgage |
| Value of Subject Property: | $175,000 |
| Loan to Value: | 55% |
| Term requested: | 12 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 584 /691 |
