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Updated almost 2 years ago on . Most recent reply
DSCR Loan: tips and tricks
Hello investors,
I am ready to add to the portfolio and want to utilize a commercial loan 4+ units and an DSCR loan. Any tips and tricks for what to look for? I have one DSCR loans/ income properties but still consider myself to be a novice.
Thank you
- Alex Jacobson
Most Popular Reply
Jack Tulloch
#2 Mortgage Brokers & Lenders Contributor
Pro Member
#2 Mortgage Brokers & Lenders Contributor
- Lender
- Austin, TX
- 579
- Votes |
- 468
- Posts
Jack Tulloch
#2 Mortgage Brokers & Lenders Contributor
Pro Member
#2 Mortgage Brokers & Lenders Contributor
- Lender
- Austin, TX
Ask the lender how they are "qualifying" the deal (lease vs 1007 market rent VS STR data if STR), understand how the rental income directly impacts deal eligibility, ask about rate buy down options, understand prepayment penalties and the options available, ask what amortization options they have (I/O, ARMS, Fully amortizing).