Looking for advise for Cash out Refi lender in Tenn

[J Pozza]

I have a property paid for and cash flowing now like to get cash out purchase another investment in Nashville

Please any suggestion for both Cash out Refi and DSCR loan for new investment purchase

Thanks 

Joe P 

[Matthew Kwan]

Cash out refinance is a full doc loan so it is an income based to qualify for the loan. Usually, it will allow you to get 75%-80% DTI depending if it's primary or investment property. Rates are usually typically lower than non QM loans like DSCR. However, DSCR is more straightforward where cares about how well your rental property performs, making sure that the subject rental income for the property can cover the proposed mortgage payment, usually the metrics are 0.70%-1.25%.

@Carlos Valencia @Albert Bui