| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $206,400 |
| Estimated Value | $616,000 |
| Occup | Owner Occ. |
| Interest Rate | 10.99% |
| LTV on Est. Value | 33.51% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | 40 Year amort/due in 3 years |
| Guaranteed Interest | 6 months |
Loan Scenario:
757 Mid FICO and retired Jeweler looking for a cash-out to expand the family jewelry business with his Son. Subject Property is a 4 bed, 3 baths SFR sitting on a large 11,052 sq. ft. lot in Chatsworth. Property features wood flooring throughout with granite countertop kitchen and bathrooms. Property has spacious living room, family room, swimming pool and Jacuzzi with nice yard and landscape. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.