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Updated 3 months ago,
DSCR Not so Simple
Is it me or is it the process? Doing my DSCR has been a complete pain in the tail! It has to be just as nerve wrecking as conventional. I'm asking for 50% on one property and 70% on the other. Neither have a mortgage. I have around 700 credit score. No debt. I have been in the process for over 3 weeks. I paid for a appraisal after the lender requested it. Yet I have not received it yet. I thought there was a law that required for me to get a copy of it and also of my credit report that they were using as the basis for the loan. Is this true?
Please help me close my first DSCR deal.