LOAN DETAILS
Closed Loan in Hanover Park, IL: This successful transaction occurred in Hanover Park, Illinois, showcasing our operational reach.
Property Type: Town House: The property involved in this transaction is a Town House, highlighting our ability to cater to various property types.
Purpose: Cash-Out Refinance: This loan served as a Cash-Out Refinance, offering valuable financial flexibility to the borrower.
Loan Amount: $142,500: The loan amount for this transaction is $142,500, underscoring our commitment to addressing diverse lending needs.
LTV: 70%: The Loan-to-Value (LTV) ratio is set at 70%, reflecting a balanced and prudent lending approach.
Term: 30-Year Fixed: This loan offers a 30-Year Fixed term, ensuring long-term stability and predictability for the borrower.
Interest Rate: 8.625%: The competitive interest rate of 8.625% provides favorable financial terms for the borrower.
Broker Made: $2,138: Brokers involved in this transaction earned a substantial commission of $2,138, showcasing the potential for lucrative partnerships with Silver Hill Funding, LLC.
