#40 Mackenzie Gartside

Home #40 Mackenzie Gartside
#40 Mackenzie Gartside
COMPANY:
Select Mortgage
TOTAL VOLUME: $55,000,000
LOANS FUNDED: 301

MOST IMPORTANT DEAL: 

“We don’t do many large deals because we are a small town,” 40 Gartside says. “Our average mortgage size is $180,000.” So her biggest deal last year – for $800,000 – was a memorable one. “It was for a client purchasing a foreclosure,” she says. “They had to refinance their current home for the down payment. We added a non-family co-signer/co-occupant to both the purchase and refinance. Even with the refi, the down payment wasn’t enough, so we had to get the clients to save up until three days before funding to accumulate enough funds – and even then they were short $1,100, so they had to sell an asset. ... It was interesting, to say the least.”
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