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MAJORITY OF PEOPLE DON’T KNOW THIS ⭐️ When Buying a Rental, You Don’t Need a Job, Taxes, Pay Stubs 🤝 Use a DSCR LOAN (Debt Service Coverage Ratio loan) The lender looks at 👇🏼 ✨ The property’s rental income ✨ The mortgage payment Typical Requirements 💫 20–25% down 💫 Credit score 620–680 💫 6–12 months reserves 💫 Investment property only (not primary) Share this with a friend 📲 #rental #shorttermrental #realestateinvesting
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This Loan Even Has Lower Mortgage Rates Than Conventional Loan > Ask for a DSCR Loan when buying a Rental
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If you expect rates to change drastically from one week to another, it’s highly unlikely 🙈 👀 A reminder, while rates keep declining, I am consistently negotiating a credit from sellers on the offers I submit to help my buyers get an even lower mortgage rates and more affordable monthly payment 🙌🏼 A healthy decline is what we must look for and enjoy while it’s happening 🏄‍♀️ FHA Rates are in the mid to high 5% Conventional Rates are slightly above 6% Exciting Times to Get Preapproved, Consid
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