The Self-Employment Seizing the Opportunity: Leveraging Equity with MBANC
Ana is a highly successful self-employed business owner and a real estate investor with an extensive revenue generating portfolio. Ana has a gift for recognizing value. Ana purchased this timeless Charleston Victorian property in 2017 for $1,263,000 with the ambition to leverage the property as an investment rental property. Fast forward to 2023. Today, the property is now worth $3,150,000. In just 6 years, this property gained 149% in equity.
Ana is not only generating rental revenue from this property but was also in a lucrative position to leverage the equity she had built for future personal or business investments, and renovations. Enter MBANC. Ana found MBANC in her search for a mortgage lender who could comprehend her unconventional financial situation and facilitate her cash out needs with ease.
DSCR Rental Mortgage In Action
Mbanc’s DSCR Rental Mortgage Interest Only was a perfect fit for Ana’s qualifying needs with a commonsense approach. Mbanc expert loan processors were able to qualify Ana using the subject property’s gross rental revenue as a debt service coverage ratio qualifier.
What is a DSCR? We took the subject properties monthly rental cashflow at $23,200 and divided the rental cashflow by the monthly Interest Only payment at $15,013.78 and derived a 1.55 DSCR ratio ($23,200/$15,013 = 1.55). It’s worth noting that MBANC’s DSCR requirement for qualification is a mere 1.00, making Ana’s property well above the standard for investment properties.
Unlimited Cash Out Refinance: Cash In Hand Reimagined
Once Ana’s financial situation was evaluated and her qualification confirmed, MBANC was able to process, underwrite, and fund her loan in just 25 days. At a 50% loan-to-value ratio (LTV), Ana was able to unlimited cash out roughly a total of $1.4 million cash in hand.
Ana’s remarkable success story with MBANC is an inspiring example of how foresight, coupled with the right financial partner, can unlock unparalleled financial opportunities, and pave the way for a future filled with prosperity and financial freedom.
Experience the MBANC Difference
Ana’s journey, from astute real estate investor to financial powerhouse, illustrates the incredible potential that exists when vision meets the right financial partner. Her story, characterized by prudent investments and strategic leveraging of assets, underscores the importance of aligning oneself with a financial institution that truly comprehends your unique financial landscape.
Now, it’s your turn to embark on a journey towards financial prosperity. Whether you’re a seasoned investor like Ana or just beginning to explore the world of real estate, MBANC is here to guide you every step of the way. Don’t miss out on the chance to unlock your financial potential, just as Ana did.
Ready to take the first step towards financial success? Contact MBANC today and discover how our innovative financial solutions can empower you to seize opportunities, build wealth, and secure your financial future. Your path to financial prosperity awaits – let’s embark on it together.