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Updated about 1 month ago on . Most recent reply
Non QM lending
Hi all,
I am newer to this website and community.
quick question for everyone. I have multiple properties and am thinking of just doing non qm loans moving forward. I don’t want the hassle of conventional lending. It only seems like 1.5% difference.
thoughts?
P&L, Bank Statement, DSCR etc
Most Popular Reply
Erik Estrada
#1 Mortgage Brokers & Lenders Contributor
Lender
#1 Mortgage Brokers & Lenders Contributor
- Lender
The main hassle of conventional lending is being able to provide proof of income and seasoning. What exactly are you experiencing difficulty with?
DSCR loans are great! But I would suggest exploring all options to make sure you are getting the best rate and terms. The PPP and points on a DSCR loan can be costly.
- Erik Estrada
- [email protected]
- 818-269-7983
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