Refinance Rate and Term to pay off 1st and 2nd Trust Deeds.
Required lowest underwriting and DCR to yield enough loan dollars to pay off 1st and 2nd.
Brokered loan with 2.95% rate and DCR of 1.2 which yielded enough loan dollars to pay off higher rate 1st and 2nd. The lower rate, saved this property $30,000 in cashflow.