SBEL is your solution when…you would like to help your parents by assuming their home loan and refinancing it for a better rate and terms.
Situation:
Dorie wanted to help her parents by assuming their home loan. When she tried to refinance it, other lenders would not do the loan because she was not on title.
SBEL Solution:
Matt Hadnett, President of South Bay Equity Lending was able to do the necessary paperwork to put Dorie on title for her parents’ home. Then, Matt secured a new first mortgage with a much lower rate. When it was time to remodel the home, SBEL was there for Dorie again with a refinance.