Borrower Profile: Borrower owns several investment properties
Loan Amount: $120,000
Property Info: This 3 bed. 2 bath 1,120 property was purchased as a fixer. The borrower will be doing extensive rehab on the property before reselling.
Loan Purpose: This is a 2nd T.D. cash-out refinance. The cash will go towards completing the rehab.
Term: 12 months with no prepayment penalty