The borrower is using the funds towards the purchase of the subject property. Borrower intends to payoff the mortgage through refinancing with traditional financing. This property will be a short term rental.
loan overview
$185,000
loan priority
1st Mortgage
loan type
loan to value (LTV)
50%
appraisal value
$370,000
interest rate %
term length (months)
12 Months
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