Quick Refinancing Solution for Home Sale

The self-employed borrowers sought funding specifically to pay out their existing second mortgage, with plans to settle the loan using proceeds from the sale of their property. This mortgage is secured against their spacious 2.5-storey, 4,000 SF detached home, set on a 75′ x 150′ lot in a desirable neighborhood. This loan gives the borrowers the flexibility they need while they await the sale. Once the home is sold, the loan will be fully repaid.