SBEL is your solution when…you want to purchase a new primary residence and qualify for the purchase utilizing the new rental income from your departing residence.
Situation: Damon & Nicole own a home in the Valley, but Damon works in the South Bay.
SBEL Solution: They decided to rent their valley property and purchase a new primary residence closer to work. SBEL Loan Officer Josh Thomas was able to qualify them for the new home purchase utilizing the new lease agreements for rental income in their valley home. Damon & Nicole now have a new home close to work and an investment property that is providing rental income.
“I want to say thank you and really appreciate you (Josh Thomas) helping us through the process. Needless to say both Nicole and I were glad you were the lender representing us. I don’t think we would have gotten through this without you. As a matter of fact I was having lunch with a friend and passed along your name.” – Damon C.