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Rate-and-Term Refinance to 2.875% for Prior Client

Rate-and-Term Refinance to 2.875% for Prior Client

On behalf of our client, who we previously helped obtain a purchase loan for her condominium unit in Miami, Florida, we refinanced her into a 30-year, fixed-rate mortgage at a lower interest rate of 2.875%, and a loan-to-value (LTV) of nearly 90%, under Freddie...
Combo Loan at 81% CLTV at 2.75% for Newly Constructed Home

Combo Loan at 81% CLTV at 2.75% for Newly Constructed Home

We obtained another combo loan — consisting of two loans — for another one of our clients to purchase a new home, this time a $750,000 newly constructed home in Miramar, Florida. Also known as a combination loan or piggyback loan, a combo loan is when the...
Combo Loan at 88% CLTV for $980k Pinecrest, Florida Home

Combo Loan at 88% CLTV for $980k Pinecrest, Florida Home

Twice in one month!  This month, we obtained another combo loan — consisting of two loans — for another one of our clients to purchase a new home, this time a $980,000 home in Pinecrest, Florida. Also known as a combination loan or piggyback loan, a combo...
Combo Loan at 86% CLTV for $1 Million Miami Beach Home

Combo Loan at 86% CLTV for $1 Million Miami Beach Home

Sometimes two is better than one.  On behalf of our client, we obtained a combo loan — consisting of two loans — for the purchase of a $1 million single-family residence in Miami Beach, Florida. Also known as a combination loan or piggyback loan, a combo...