Archive for August 2022
Debt Service Coverage Ratio (DSCR) Loans: Requirements and Benefits
A Debt Service Coverage Ratio (DSCR) mortgage, allows investors to purchase or refinance a rental property without having to provide tax returns, W-2s, pay stubs, or any other personal and financial information. To qualify for a DSCR loan, the rental income generated by the property must meet or exceed the lender’s coverage ratio requirements. The…Read More
Debt Service Coverage Ratio (DSCR) Loans: What Are They?
Debt Service Coverage Ratio (DSCR) loans allow real estate investors to qualify for a loan based entirely on the cash flow generated by the investment property, rather than their personal income. It can be used to close the mortgage on a 1-4 unit residential property as an LLC. Investors prefer this because typically they have…Read More