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Updated almost 3 years ago on . Most recent reply

John Stomps's profile image
John Stomps's profile image
John Stomps
  • Investor
  • from Columbus, OH
  • Member since Apr 28, 2022
  • Posts 2
  • Votes 1
  • Experience 38 Yrs
  • Investments 1
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John Stomps's profile image
John Stomps's profile image
John Stomps
  • Investor
  • from Columbus, OH
  • Member since Apr 28, 2022
  • Posts 2
  • Votes 1
  • Experience 38 Yrs
  • Investments 1
Connect
John Stomps
  • Investor
  • Columbus, OH
1
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2
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Private Lending & Conventional Mortgage Advice

Debt Coverage Ratio mortgage loan

John Stomps
  • Investor
  • Columbus, OH
Posted

I have a lender offering me a DCR loan at 6.99% on a 40 year fixed rate. This is to do a cash out refinance on a single family home in Hilliard, OH (A very nice community in which to live and own real estate). Is that a reasonable interest rate and terms or should I continue shopping?

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    Caroline Gerardo's profile image
    Caroline Gerardo's profile image
    Caroline Gerardo
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    • from Laguna Niguel, CA
    • Member since Mar 2, 2015
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    Caroline Gerardo's profile image
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    Caroline Gerardo
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    • from Laguna Niguel, CA
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    Caroline Gerardo
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    Caroline Gerardo
    • Lender
    • Laguna Niguel, CA
    Replied

    Get that no point part in writing. Lock now apply at others to compare rates

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