Wise lenders have borrowers sign legal agreements and have them provide collateral that is worth more than the amount of the loan in case the borrower doesn't make the promised payments on the loan.

Hey everyone, a new development in the area where I invest, is offering a 5.99% interest rate (conventional loan) and 2% of purchase price in closing costs.

@Jordan BrownSince Orange County and Santa Barbara have high housing costs, using an FHA loan for a house hack could be a smart move, allowing you to put less money down while securing a property.

The  portfolio stuff does not so they make the rules up as they go along, but those loans comprise less than 10% of all loans.

These are 668 square feet and will rent $1600-$1800 depending on the urban adjacent neighborhood. that's rental prices of $2.39 to $2.69 per square foot. that's on a long term rental. on a short term rental the prices would be higher but we haven't had any clients do that yet.

House hacking, long-term rentals, or something else?

Balloon terms 3/5/7 years. 

Bridge loan.

The hard part that a lot of people miss is that this is calculated over 30 years (or whatever your term is for your loan). 

Different DSCR lenders have different guidelines.More on DSCR loans: DSCR loans won't use your income to underwrite the loan.