All Forum Posts by: John Wade

Hi Joel, if a conventional refinance is not an option there may be a less than 1.00 ratio DSCR product that would work. There is usually an LTV restriction, but not always. Feel free to reach out to discuss.

Hi Sam, you may consider a fixed rate HELOAN as opposed to a variable rate HELOC if the funds are going to be for long term use, such as a down payment on a new property. A HELOC with a variable rate can be a good option for short-term financing. If the property will be a value add and purchased with a rehab loan that will later be refinanced, or paid off via a flip, a HELOC could be a good option for you. Either way, best of luck on your new investment.

Absolutely, good luck!

Hi Joseph, you would have to get the specifics on this particular DSCR pre-payment penalty, but they usually apply after there's been a greater than 20% principle reduction.