Mortgage lead for Residential loan in Boston, MA, 02135

Loan Request for Residential loan in Boston, MA, 02135

Request #3732375 by Lender

Date Posted

4/30/2025 10:17:10 PM

Property at

Boston, MA, 02135, USA Show Map

Borrower at

Boston, MA, 02135, USA Show Map

Property Type

Residential

Property Value

$850,000

Amount of Existing Loans

$170,000

Loan Request

$230,000

LTV

47.05 %

Credit Rating

780 or more

Net Worth

$250,000 - $500,000

Loan Purpose

Second, Third or HELOC

Purpose

Title: Loan Purpose

Michael Rasin is seeking a loan of $222,000 to utilize as a second mortgage or home equity line of credit (HELOC) for his primary residence located at 191 Washington Street, Boston, MA. This financing will enable him to optimize the value of his property, which is in superior condition and boasts an estimated market value of $850,000.

The primary application for this loan is to leverage the substantial equity in Michael’s home to further enhance its value or potentially address other financial goals. With the loan-to-value ratio standing at a conservative 46.11%, and Michael’s excellent credit score of 780+, the financial risk is minimal. His liquid assets, in the range of $170,000 to $250,000, further ensure a secure position for the lender.

This loan represents a profitable opportunity for the lender due to Michael’s demonstrated financial stability and the low-risk nature of the proposed loan-to-value parameters. We are optimistic about the successful application of these funds and appreciate your consideration in facilitating this loan.

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Loan Request for Residential loan in Boston, MA, 02135