6 month ARM DSCR

[Stephen Rinaldi]

As a broker/owner part of my day to day is finding lending options. Recently added a 6month arm DSCR in 5's. My logic is that I think the rate environment is going to change into 2024 for the positive and having an arm with rate far below other for 6months adds alot of value. The risk would be the loan would be a loss if rates remained the same or worsened in 12-18months.. to me this seems low risk. Good to present options to clients.

I personally can go full doc on investment purchases, but If I had to go DSCR I would jump on a ARM.