Know The Basics: Am I Eligible to Qualify For a DSCR Loan Program?

Loans use borrowed funds for various purposes such as large purchases, debt consolidation, emergency expenses, etc. Such loans are repaid in regular payment over a few months to a few years; one of these is the DSCR Loan Program.

DSCR loan

It may take longer depending on your circumstances and your payment diligence. A DSCR loan also has more flexible qualification guidelines in property type and mortgage program areas.

Read on to discover more about the DSCR loan program, its benefits and drawbacks, and how to apply.

What Does The DSCR Loan Program Entail?

The DSCR, short for debt service coverage ratio, is a calculation that allows a borrower to qualify for a mortgage based on the cash flow.…

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Cash-Out Refinance: What Is More Than Owning A House

One of the notable financial investments an individual can have is owning a house. The idea of owning a home sounds exciting, but wait until you get to see the responsibilities of owning one.

Houses

Being a homeowner offers tremendous fulfillment but involves a great deal of work. Investing in a house requires you to make sure that you’re doing the proper maintenance and that you’re keeping it as up-to-date as possible.

Whether you are a new or long-time homeowner, you must know how to invest your time and money before settling because owning a house might either be an investment or a financial burden.…

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Refinancing Tips for Entrepreneurs: 5 Types of Loans you Can Refinance

If you are an entrepreneur, you might be looking at ways to ensure that you have more cash flow for your various business ventures. One way to do this may be by refinancing any loans you have. Many people may have heard of doing this with a home mortgage, but they might not know that many other types of loans can be refinanced as well.

Loan refinancing

Below is the kind of loans that you can refinance…

1. Student Loans

Student loan debt represents a financial crisis for some, and many don’t realize you can get out from under the continued payments with excessive interest, and turn to a refinance.…

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