The borrower is using the funds to purchase this residential condominium for investment purposes. Borrower intends to payoff the mortgage by refinancing with traditional financing.
loan overview
$387,000
loan priority
1st. Mortgage
loan type
Purchase
loan to value (LTV)
60%
appraisal value
$645,000
interest rate %
Sub 10%
term length (months)
12 months
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