Cash-Out Refinance - Dinwiddie, VA

Location: Dinwiddie, VA.
Borrower Profile: New Client.
Work Description: Cash-Out Refinance.
Purchase Price: Client already owned the property.
Loan Amount: $120,000.00
Loan Structure: 12 Months, Interest Only Payments.
Situation: This rental property was owned free and clear and the borrower needed to pull some equity out of it. We were able to offer her the funds she needed and closed in 2 weeks.