Rate-and-Term Refinance (3.375% on 15-year fixed rate)
On behalf of a rate-sensitive client in Hollywood, Florida whose credit score was in the high 700s, we obtained a $230,000 rate-and-term refinance that locked her in a 15-year conventional mortgage with a 3.375% fixed interest rate. We also obtained a post-closing credit for her appraisal costs.
Construction-to-Permanent Loan for Dream Home in Weston, Florida
On behalf of a client who was on a fixed income and collecting on his long-term disability insurance policy, we obtained a $425,000 construction-to-permanent loan. This enabled him to take the vacant lot of land he already owned, refinance it into the construction-to-permanent loan, and construct his dream home where he wanted to spend the […]
Renovation Loan for Modernizing Home in Central Florida
On behalf of a client who needed a loan-to-value ratio greater than 80%, we obtained a $275,000 government renovation loan through the Federal Housing Administration’s (FHA’s) Standard 203(k) rehabilitation mortgage program. The home, located in central Florida, had a lot of deferred maintenance. To modernize the entire home, the borrower used the funds to update […]
