Scenario of the week!

Erik Sandstrom

Mortgage Expert - Call 1-619-379-8999
Staff member
Loan Safe Mortgage
520 FICO Cash Out Refinance for borrower delinquent on their 2nd mortgage.

They had a 65% loan to value on their home and needed cash to pay off the debt they had acquired to make their payments more affordable. We put them into a short term program to allow them to repair the credit and will refinance once credit is up into a more affordable program.

This program does go all the way down to 500 FICO but in most cases we see approvals higher than 520. If you would like more info, please give us a call.