Julia Knurova, Mortgage Loan Originator with the Hollywood, FL office, recently closed a loan for a self-employed real estate investor who specializes in Airbnb rentals. The client, who had less than two years in their current position, was able to purchase a single-family house in Fort Lauderdale, FL with a quick closing time of less than three weeks.
One of the unique aspects of this loan was that the property had been recently listed for sale, just three weeks prior to the refinance. Despite this, Julia was able to successfully navigate the process and secure the loan for the client.
The loan type was a refinance cash-out, non-QM, bank statement loan, which allowed the client to access cash from their property without the need for a P&L letter. This type of loan is becoming increasingly popular among self-employed individuals and small business owners, as it allows them to use their bank statements to qualify for a loan instead of traditional income documentation.
Julia’s expertise and experience in navigating non-QM loans allowed for a smooth and efficient process for the client, resulting in a successful loan closing. The team at MortgageDepot Hollywood, FL branch looks forward to helping more clients achieve their homeownership goals.
