Home > Case Study, HELOC, Investment Property, Land, Line of Credit, Refinance > Case Study – HELOC on cross collateral of Primary Residence and Vacant Land (Encino)

Case Study – HELOC on cross collateral of Primary Residence and Vacant Land (Encino)

helocOPPORTUNITY: Request for refinance of existing HELOC

PROFESSION: Medical NET WORTH: High

SOLUTION: FACING A LOW APPRAISED VALUE ON PRIMARY RESIDENCE, TAPPED NEIGHBORING LAND PURCHASED ALL CASH AS CROSS COLLATERAL.

Value: $1,868,800

Mortgage: $1,504,000

Value: $700,000

Mortgage: $0

LINE OF CREDIT: $420,000

CASE CLOSED JUNE, 2012

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