SBEL is your solution when…you are already in escrow and your bank decides to not do the loan.
Relocating from the South Bay to Rancho Cucamonga, Jeffrey and Kelly Hines found a big beautiful property to call home. They put in an offer and it was accepted. After entering escrow, they got bad news from the bank they were depending on for financing. The bank decided to not do their loan. Even though they had been given a pre-qualification letter, they were told that their loan did not fit the lender’s guidelines. They were 12 days into escrow and needed a loan that could close fast.
South Bay Equity Lending Loan Officer Tom Hardesty had worked with the Hines’ Real Estate Agent in the past. She referred them to Tom to see if he could save the deal. Tom & Drew Hardesty were able close a jumbo loan for the Jeffrey and Kelly in only 21 days and get them into their big new beautiful home.
“We were on the verge of losing our family’s fresh start in a new home near our family. Tom and Drew saved the day, and in record time! We love our new home and wouldn’t be here today without South Bay Equity.” – Kelly H.