Cash-Out Refinance - Redford, MI

Location: Redford, MI.
Borrower Profile: New Client.
Work Description: Cash-Out Refinance.
Purchase Price: Client already owned the property.
Loan Amount: $100,000.
Loan Structure: 3 Months, Interest Only Payments.
Situation: This was a new client that came to us needing to pull some equity out of a home that they owned. The home was owned free and clear.