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Updated over 2 years ago, 05/03/2022

John Stomps's profile image
John Stomps's profile image
John Stomps
Pro Member
  • Investor
  • from Columbus, OH
  • Member since Apr 28, 2022
  • Posts 2
  • Votes 1
  • Experience 38 Yrs
  • Investments 1
Connect

User Stats

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

Debt Coverage Ratio mortgage loan

John Stomps
Pro Member
  • 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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