EMAIL DETAILS
SUBJECT:
HELOC
PRI: NORMAL
FROM:
E
eschwerin@rosemontseneca.com
DATE:
2014-03-26 20:05:15
MSG_ID:
<BE75ED98-9966-4B4F-8E45-09EDDCB065D2@rosemontseneca.com>
RECIPIENTS:
TO:
H
Hunter Biden
<hbiden@rosemontseneca.com>
CONTENT:
TEXT: YES |
HTML: YES
PROCESSED
See below details on the HELOC from Washington First - the goal is to close next week before you go out of the country. ___________________________________________ The HELOC is for $100,000. I did have to move the rate up due to an exception on the loan to value being above 85% and for the credit score being below 700. The other requirement is that the Biden’s open a checking account and have the monthly interest payment auto deducted from that account. I can send the checking account documents along with the HELOC documents. So the rate is Prime + 1.5%, with a floor of 5% (with the checking account or with no checking account it is Prime + 2%, with a floor of 5.5%). The HELOC does still have no closing costs as long as you keep it open for 3 years. Eric D. Schwerin Rosemont Seneca Partners, LLC 1010 Wisconsin Ave., NW Suite 705 Washington, DC 20007 (202) 333-1880 eschwerin@rosemontseneca.com P Consider the environment before printing this email.
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