$225,000 Spokane County Refinance

A national non-profit borrower contacted Mortgage Equities, Inc. to refinance their loan on a rental home in Eastern Washington. The 2,187 square foot 3 bedroom/3bathroom home is in a lovely setting on 7 plus acres.

The Borrower funded the purchase of the house with a hard money loan that included a high interest rate and a costly extension fee. Mortgage Equities Inc. was able to accommodate the Borrower’s request for a 2 year loan, and acceptable option for an extension and an interest rate 3 percent lower than the previous loan.