Orange, CA
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Property / Loan Information
Property TypeSFR
Lien Position1st TD
Loan Amount$250,000
Appraised Value$830,000
OccupOwner Occ.
Interest Rate8.75%
LTV on Appraised Value30.12%
Loan TypeDebt Consolidation Cash-Out Consumer Loan
Amortization40 Year amort/due in 5 years
Guaranteed InterestN/A


Loan Scenario:

Borrower is a Real Estate Investor looking for a cash-out to consolidate debts.  Borrower has sufficient verified income from a Family Trust and her employment. Subject Property is a large 5 bed, 3 baths 2,853 sq. ft. SFR located in Serrano Heights of Orange.  Property has many upgrades including plantation shutters, custom paint, ceiling fans, crown molding, recessed lightings and private rear yard with built-in BBQ area. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.