Julia Knurova, Mortgage Mortgage Originator with the Hollywood, FL workplace, not too long ago closed a mortgage for a self-employed actual property investor who makes a speciality of Airbnb leases. The shopper, who had lower than two years of their present place, was in a position to buy a single-family home in Fort Lauderdale, FL with a fast closing time of lower than three weeks.
One of many distinctive facets of this mortgage was that the property had been not too long ago listed on the market, simply three weeks previous to the refinance. Regardless of this, Julia was in a position to efficiently navigate the method and safe the mortgage for the shopper.
The mortgage sort was a refinance cash-out, non-QM, financial institution assertion mortgage, which allowed the shopper to entry money from their property with out the necessity for a P&L letter. This kind of mortgage is changing into more and more common amongst self-employed people and small enterprise homeowners, because it permits them to make use of their financial institution statements to qualify for a mortgage as an alternative of conventional revenue documentation.
Julia’s experience and expertise in navigating non-QM loans allowed for a clean and environment friendly course of for the shopper, leading to a profitable mortgage closing. The crew at MortgageDepot Hollywood, FL department seems to be ahead to serving to extra shoppers obtain their homeownership targets.