Refinance at 2.59% on a one-year term
This self-employed client was able to refinance his home at a fantastic rate on a one-year term. He will use the proceeds to help grow his business.
The client’s ratios were higher than an A lender would accept and he’s been self-employed for less than two years. Our expert underwriter used the company’s financials to better understand the income situation. The business proved profitable and the client has worked in the same industry for many years before going out on his own. Deal done.
**The AIR is compounded semi-annually, not in advance. The APR based on a $322,500 loan on a one-year term, with a 25-year amortization and loan fee of 1% is 3.60%.
All rates are subject to full underwriting policy and may change without notice.
Should you have questions, please contact your BDM.For internal broker use only. Not intended for external consumer use.