All Forum Posts by: Craig Warner

Hi Joshua,

If you like some help with easy financing for your investment property, be happy to offer our direct lending services.

Thanks

Craig

Hi Karolina, I'm working on that unicorn for you......

Good advise above and getting all your questions answered. Not cap on how many times you can refinance a property. 10 mortgaged properties is a cap on Conventional Full doc lending and no limits on NonQm and DSCR programs.

Now it gets down to finding a lender who has great rates and great service, that's where I come in.

Let me know how I can help or answers more questions offline if you like.

Thanks

Craig

Hoi Deborah,

Both Jasper and Stacy, did a good job of explaining how a DSCR works. I wanted to add to the Why, should a investment property buyer use a DSCR program over a Full Conventional purchase or refinance, as we do all programs, whether for a primary, 2nd home or investment property.

Currently Full doc loans, meaning using tax returns (2 years) for qualifying can be tedious work and interest rates are higher compared to our DSCR products, since on Fannie Freddie conventional loans require LLPA's ( loan level price adjustments) added to the base rate. Also with conventional loans, the reserve requirement are required for each investment property owned, assuming they have a mortgage on them. Whereas with our DSCR we only require reserves on the subject property, typically 3 months for loan amounts =<$500,000, and 6 months for loan amount over $500,000.

The DSCR usually is the best way to go.

I'd be happy to chat, to see how I can be of service.

Thank You

Craig 

Hi Matt,

Good advice by Drago and I would add the easiest no qualifying option would be to do a cashout refi on a DSCR program. We also have HELOC's and HELOAN's on investment properties as well, even using bank statements as income, if self employed too.

If you'd like to explore your best options, let's talk for a few minutes to determine the best rate and payment strategies.

Thanks

Craig

I may be able to help as an FHA 203K as you mentioned, but need to dig a little further as to your self employment business and if your were in the same line of work as a W-2 employee.

Maybe be easier to talk on the phone for 5 minutes. 

Send me a DM if you want to connect.

Thanks

Craig

Hi Hana,

We are a direct lender, not a broker and have aggressive DSCR interest rates and can use your existing appraisal. I'd be happy to give a quote.

Let me know how I can help.

Thanks

Craig  

Hi Norma,

I recommend using a DSCR purchase whereas the property qualifies itself, no tax returns , no employment or income required. However we do require a 660 score, 20% down, 3 month reserves.

Let me know if you'd like to talk about any options.

Thanks

Craig