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NON-QM QUESTIONS & FAQ’s FROM AN AE’S POV
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Thank you Gus!
For our Seconds, our MAX DTI is 50%
DTI
• 50%
• 45% with an I/O senior lien
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Cameron
What is the maximum multifamily apartment units you guys do? How much does payment, credit score, rates? Etc
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I have a lot of work to do on my home. But my first mortgage is 3% and I don’t want to touch the $331,000 first mortgage. I would get a second mortgage to do the renovation.
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Hello Everyone!
DSCR rates are now reaching Mid to low 7’s on your solid scenarios! Great start to the year!
Please drop your DSCR questions & comment if you have or know anybody that is need of DSCR
Have a great Wednesday!
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Mortgage rates DSCR loans approaching the 7% range,
. Are these 30 year fixed rate mortgage loans or adjustable rate mortgages?
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Hello Marcos,
The way pricing is with my company, this is the rate for both 30 YR & ARM’s.
please let me know if you have any other questions!
best,
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DSCR loans often have longer terms, allowing for stable and predictable cash flow from the property to cover the debt service. Common terms could range from 5 to 30 years. Here is some general information concerning DSCR loans that may give you further information and understanding of the process. tps://www.mortgagelendersforbadcredit.com/dscr-loans/
mortgagelendersforbadcredit.com
DSCR Loans are no-doc real estate loans. No income doc is required. 20% down payment and a 640 FICO. One month seasoning for deposits.
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Thanks for the link Ronda, FYI at theLender, We also have a 40 YR FIX & I/O option as well!
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Cameron, the man. Do you do new construction manufactured homes?
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Hey Gus!
At this time – we do not offer construction loans, but i have a great referral for you if you would like?
theLender will close on the new builds once completed, but my referral will do construction loans up to $50 million
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Cameron, please get back to me about the condominum with building violations.
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hey Gus, i shot you an email – the work would need to be completed prior to application date.
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