Treasury Secretary Steven Mnuchin warned Republican senators Tuesday that the coronavirus pandemic could drive up US unemployment to 20%, a Republican Senate source told CNN.Mnuchin's comments came as he urged Republican senators to act on economic stimulus measures totaling $1 trillion designed to avert that kind of worst case scenario.In the same meeting, Mnuchin also said he is concerned the economic ramifications of the coronavirus pandemic could be worse than the 2008 financial crisis, the source said.Mnuchin's comments, which were first reported by Bloomberg News, come amid a rising sense of urgency at the White House and on Capitol Hill to confront the increasingly serious threat of the coronavirus pandemic — on both the public health and economic fronts.

I'm rather new at this so could you please educate me on the "underwrite to 15% combined" comment.

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I'm seeing comments on facebook from people saying they are going to go out and buy the newest Iphone with the money, put it towards a new car etc...if it happens.

There was a ton of mixed comments on the thread, some saying they would never rent to a tenant with an eviction under any circumstances, others saying it sounds like there should not be any issue there.

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Depending on what you're doing with the money, the Spectrum is at an incredible rate right now (although your $0 initial draw comment makes me to think this option isn't what you're looking for). 

@Kevin Zolea Thank you so much for commenting on my post, seems like you recently got started and are now finishing up your first deal, congrats!

I completely agree with the above comments.

@Bola A.I’ve also heard on a conference call with the SBA this morning that there is a comment section on the application where they suggest requesting the length of the term desired (I suggest 30 years to minimize payments, keep in mind there is no-prepay penalty).You can also add in the comment section your rationale for a higher loan amount.