Second Mortgages Alternatives

[Quinton Brown]

💡 **Real Client Win: When a Renovation Almost Hit a Wall*

Our borrower wanted to **pull cash from their primary home** to **renovate their second**, but with multiple businesses and complex tax returns, their DTI looked too high for traditional lending.

Instead of turning them away, we structured a **Non-QM Closed-End Second** using a **1-year Profit & Loss statement** — no full tax return analysis needed.

📊 738 FICO | 81% CLTV | $225K Loan | DTI reduced to 49%

✅ They kept their low first mortgage rate

✅ Got the cash to complete their renovation

✅ And avoided a full refinance altogether

When the traditional route says *no*, creative lending says *let’s make it work.*

#NonQM #SecondMortgage