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Updated 5 months ago, 08/13/2024

User Stats

5
Posts
6
Votes
Megha Mathur
Pro Member
  • New to Real Estate
  • MA
6
Votes |
5
Posts

Dscr Loans And Prepayment Penalty

Megha Mathur
Pro Member
  • New to Real Estate
  • MA
Posted

Hello all, 

We are looking to use the DSCR loans for buying our investment property. We were told about the prepayment penalty...now I do have a general understanding of what the prepayment penalty is...are there any lenders that offer these types of loans without the penalty? What kind of terms would I be looking at, let's say for a $350K property? We are looking in Texas.

Would appreciate any and all help in helping me get a clearer picture on this...thank you! 

  • Megha Mathur
  • Loading replies...