The borrower is using the funds to purchase this residential property for rental purposes. Borrower intends to payoff the mortgage by refinancing with traditional financing.
loan overview
$300,000
loan priority
1st. Mortgage
loan type
Purchase
loan to value (LTV)
59%
appraisal value
$510,000
Location
Fort Lauderdale, Florida
term length (months)
24 months
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