When getting a DSCR loan whose credit score is the lender going to use?

Was thinking of taking a Home Equity loan for the downpayment ( @ $100,000-150,000).

You verify the lender actually owns the loan and does not have any leverage elsewhere on it.3.

@Shak F. you wont be able to do a cash-out refinance with a conventional loan, since they require 12 months.

If it's in your name you can look into the potential for a HELOC or potentially refinance to pull out some of the equity you've created, but you'll need to do the math to see if you're payments will increase based on the new loan terms.

You could get a new loan for $150k.

I have never heard of them but it seems to be a lender offering foreign national loans?

I'm excited for the opportunity to be apart of the community with BP, I reside in the state of Virginia and started my investment journey many years ago at 22 doing fix and flips, I stopped when the market crashed in 2007/2008 and didn't like the way the market looked and I left the investing world, I became a mortgage loan officer, and then processor and later underwriter and learned the backend of the conventional lending world.

I don't want to make any mistakes in the Dodd Frank act.I'd like to be able to evict rather than forclose.Need a loan servicing company?

Hi @Shawn SmithI am a US loan officer in Toronto, assisting Canadians to secure financing in the US.