Home > Case Study, HELOC, Line of Credit, Refinance, Uncategorized > Case Study – HELOC on Primary Residence (Los Angeles)

Case Study – HELOC on Primary Residence (Los Angeles)

helocOPPORTUNITY: Having secured $275,000 HELOC with a mortgage broker through wholesale division for down payment on new investment property, client interested in maximum increase for remodeling and security.

PROFESSION: Medical  NET WORTH: Affluent REAL ESTATE: Investor (4x)

SOLUTION: EDUCATED CLIENT ON NUMEROUS BENEFITS OF SECURING INCREASE THROUGH PRIVATE BANKER VERSUS WHOLESALE  HELOC.  PAID OFF EXISTING HELOC AND PROVIDED A HELOC AT PREFERRED RATE AND TERM AT MAXIMUM LTV.

Value: $2,045,000

Mortgage: $729,000

LINE OF CREDIT: $350,000

CASE CLOSED

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

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