Home > Case Study, HELOC > Case Study – HELOC on Primary Residence (Redondo Beach)

Case Study – HELOC on Primary Residence (Redondo Beach)

OPPORTUNITY: Attracted to a private banking relationship for preference with the refinance of the primary residence, request to transition Creditline on primary residence as avenue to close out former banking relationship.

SOLUTION: HELOC. PROCESSED REQUEST PARALLEL TO MORTGAGE REQUEST ENABLING CUSTOMER TO HAVE REASSURANCE THAT THEY COULD CLOSE OUT EXISTING RELATIONSHIP, AND OPEN CREDITLINE AFTER THE CLOSING OF THE MORTGAGE.

Value: $735,000

Mortgage: $245,000

LINE OF CREDIT: $250,000

CASE CLOSED

If you have a similar case, or question, please e-mail me on ceisaac@ymail.com

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