A true story of a cash out refinance.
MORTGAGE-WORLD.com is your full-service online mortgage company specializing in cash out refinance loans for homeowners in New Jersey, Florida and Connecticut.
MORTGAGE-WORLD.com has over 20 years experience originating refinance loans. The lowest credit score to cash out refinance is 500.
Cash Out Refinance
Cash Out Refinance:
- 80% Loan-to-Value 500 minimum score
- Bankruptcy 2 year waiting period
- Foreclosure 3 year waiting period
- Short Sale 3 year waiting period
- 500 minimum score
Cash Out Refinance
Lisa J. found our website online on 12/17/2018. She had been turned down by three other mortgage companies before she found us. Her house had no mortgage it was free and clear, and she wanted to take cash out. We pulled her credit, and she had a 493 middle credit score. We analyzed her credit and explained to her exactly what she had to do to get her credit score above a 500-credit score. Remember we need a minimum credit score of 500 for a cash out refinance with a loan-to-value of up to 80%.
Cash Out Refinance
After working with Lisa and updating her credit report it was time to get the results of her re-score. When we pulled a new credit report her credit score had increased 21 points in 9 days.
Lisa applied on our website www.Mortgage-World.com and within 72 hours of submitting her loan to the lender we had her loan approved on 1/2/2019. Lisa got her loan approval with a 514 middle credit score.
Minimum credit score needed to refinance
Lisa ordered her home appraisal and began working with us on getting the loan conditions cleared. Lisa wanted her cash out and throughout the process whenever we asked Lisa for a document or anything we needed she always provided it in a timely manner.
Needless to say Lisa and her family were happy to hear the good news and now more than ever Lisa was closer to being able to get the cash that she wanted. I’m glad to report that we did close on 1/25/2019 and Lisa did get the cash she wanted. Congratulation to Lisa J. and her family.
Cash Out Refinance
CALL US 888.958.5382
Mortgage-World.com