I am so glad you stopped by and got some value out of this video. You're always welcome to reach out to directly at balanceprocess.com/dscr-cash-out-refinance/ or call/text me directly anytime at 248-894-2763. Thank you all 🙏

This needs way more views. Such good content brother.

@MortgagebyAdam

5 ай бұрын

They ALWAYS start off slow, and then some catch and build momentum long term if the content is well received. I appreciate you 🙏

Great information, thanks.

@MortgagebyAdam

7 күн бұрын

Thank you! You're welcome to reach out anytime. You can submit an inquiry here: BalanceProcess.com/dscr-cash-out-refinance/

Thank you for the knowledgeable and informative video!😊

@MortgagebyAdam

3 ай бұрын

Absolutely! Thank you!

Hello Adam - thank you for creating this video. I think it was simple to understand and thorough. I do have a question for you - I was recently told ( yesterday, lol) by a loan officer that a requirement of the DSCR loan includes owning a primary residence? I have not run into this before. I have an investment property paid in full under an LLC. It has been rented now for the past 3 yrs - going on my 4th year with same tenant and a contract. Property valued at $520,000 and I am looking for $100,000 cash out. Turns out, she says, that because I do not own a primary residence - I do not qualify for a DSCR loan????? Is this correct?

@MortgagebyAdam

2 ай бұрын

Thank you! 🙂 No, you don't need to own a primary residence. You just need to own real estate in the last 12 months (which you clearly do)... so you're good. Happy to get it done for you! You're welcome to reach out to me anytime here: balanceprocess.com/dscr-cash-out-refinance/ or call/text me anytime directly 248-894-2763 Thank you!

Excellent content! I have an Airbnb I’ve been renting and I would like to purchase it. How do I get in contact with you please?

@MortgagebyAdam

2 ай бұрын

Thank you Lisa! Contact me directly at 248-894-2763 or set an appointment with me anytime here: calendly.com/lesnerap63/30min

What if it’s a section 8 property and the rents are significantly higher

@MortgagebyAdam

Ай бұрын

The approval will be based on fair market rent.

Now redo your video without using banking terms making it more understandable for the average person. I just recently went into the bank because the house I was looking at and wanted to buy wanted pre-approval even though I was going to be paying mostly in cash. Problem was they got all bent out of shape and wanted me to prove where I got my money they literally told me I had to prove where I had gotten my money I'm almost 70 years old how in the heck am I supposed to prove where it came from when I've been collecting it for a long time didn't matter

@MortgagebyAdam

3 ай бұрын

I'm really sorry to hear the video came off as not easy to understand as I do my very best to break stuff down as simple as possible. Is there something specific that you're looking for clarity on, so that I can be sure to clarify in the next video? As far as the purchase of the property, funds need to be sourced. Once you deposit the funds in the bank, and let them sit for 60 days, they should be considered seasoned and verifiable. You're welcome to call me directly anytime to discuss. 248-894-2763

@valeriab9735

3 ай бұрын

@@MortgagebyAdam you did break it down but you used terminology that the average person is not used to. The words that you use I didn't know what they meant and I have a pretty fairly high IQ I'm a college graduate I'm not stupid but in the realm of finance don't know anything about it and you ought to know that every realm has their own language

@MortgagebyAdam

3 ай бұрын

@@valeriab9735 Thank you. I'll go through it an figure out what terminology is above average, and keep that in mind moving forward on future videos.

Do you recommend closing in LLC or sole owner? And why? Thanks

@MortgagebyAdam

5 ай бұрын

From a lending standpoint, it's fine to close in LLC on title, but the loan will be in your name. There are lenders that allow you do the loan in the LLC name, but rates/costs will be higher. Let me know iw what questions you have BalanceProcess.com/dscr-cash-out-refinance/

What does someone's credit score have to be to do a dscr cashout?

@MortgagebyAdam

Ай бұрын

620. You're welcome to reach out to me directly at 248.894.2763 or send me an inquiry at adam@balanceprocess.com

@GREATTHINGSent

Ай бұрын

@@MortgagebyAdam I actually called you earlier and left a message. I'll try back tomorrow

@MortgagebyAdam

Ай бұрын

@@GREATTHINGSent I'll give you a call back this morning. Thank you!