Escrow closed early 6/2016, Paid Off 11/2017
San Jose, Pitner, CA 95148
**New Refinance Updated Large 8 Bedroom 5 Bathroom Rented House + Low Loan to Value + LUXURY Silicon Valley + Strong Borrower**
Appraised Value: $975,000
New 1st Trust Deed: $670,000
Protective Equity: $305,000
Loan to Value: 68% Ltv
You Net: 9%
Term 2 Years with a 6 Month Prepay
Rented For $3,950 per Month
Borrower Credit: 624
Borrower is doing a Rate & Term Refinance the current loan has come due.
Borrowers live in Cupertino. He is a Senior Airplane Mechanic Technician for the last 18 years.
He is using funds to purchase a commercial small unit in local area.
Appraised Value: $975,000
New 1st Trust Deed: $670,000
Protective Equity: $305,000
Loan to Value: 68% Ltv
You Net: 9%
Term 2 Years with a 6 Month Prepay
Rented For $3,950 per Month
Borrower Credit: 624
Borrower is doing a Rate & Term Refinance the current loan has come due.
Borrowers live in Cupertino. He is a Senior Airplane Mechanic Technician for the last 18 years.
He is using funds to purchase a commercial small unit in local area.