ASSIGNMENT:

This was a cash out refinance assignment that we received from one of best clients.  We were taking out a Fannie loan which also included paying off a supplemental loan.

CHALLENGE:

When you're paying off agency loans it can be a headache since they require you to request a payoff 30 days in advance.

SOLUTION:

ALB structured a new 1st trust deed paying off the two loans and also was able to help the borrower to cash out some funds. and while placing them into a good 5 year fixed rate loan program.