Summit House, West Chester,  PA  19382

DESCRIPTION:

  • We are doing a loan of $55,000 on a property the borrower just paid $111,500 cash for in Mar 2016. 
  • Borrower will be using funds to purchase another property.
  • Cash back at closing $45,000.
  • House will be on the market within 2 weeks of closing.

PROPOSED TERMS:

Loan Type: Refinance
Loan Amounts: $55,000 1st Mortgage
Value of Subject Property: $150,000
Loan to Value : 37%
Term requested: 9 Month Balloon
Exit Strategy: Resale
Credit Score  615