Month to Month Leases with DSCR REFI an Issue

[Matthew Lindsey]

Hi,

Does the type of lease term make a difference when wanting to do a DSCR type refinance loan? I have some leases that are Month to Month and I just want to make sure that will not hurt me during the process. Whether it will increase interest rate, make it more difficult to find a lender, etc. I would like to know.

Thanks,

Matt

[Matthew Lindsey]

@AJ Exner @Brandon Croucier

Thanks for the reply. The tenants have been there over a year and I can show proof of payment if that makes a difference. Just would prefer to keep them month to month unless it’s going to be a issue.