The $2.4 Million Refinance: How We Turned Panic Into $60K Savings
- Price: 2400000
- Property Type: Residential
- Beds: 5
- Baths: 7
- Square Footage: 6000
Property Description
The borrowers reached out, panicking: their private money loan was two weeks from maturing—either refinance or fork over a $2.1M balloon payment. They wanted another private money lender, but we thought, "Why private money again? If you can handle private rates, surely there’s a better option!" Turns out, they owned a successful IT business. Cue the obvious answer: Bank Statement Loan! We ditched private money, gathered the docs, and got them a 30-year loan with a much lower rate in just 10 days. They saved $5,000 a month—$60,000 a year. Who knew saving money could be this easy?
Property Details
Price: 2400000 |
Address: Southern Highlands |
City: Las Vegas |
State: NV |
Zip Code: 89141 |
Year Built: 2017 |
Square Footage: 6000 |
Lot Square Footage: 0.4 acre |
Beds: 5 |
Baths: 7 |
- Additional Features
- Dishwasher
- Disposal
- Microwave
- Range/Oven
- Fireplace(s)
- Forced Air Heat
- Forced Air Cooling
- Hardwood Floors
- Lawn
- Sprinkler System
- Pool