Let's chat about DSCR Loans: calendly.com/jeff-trevarthen/15-min-call

Best Mortgage officer I have ever worked with. Thank you for everything man. Very helpful

@JefftheMortgagePro

10 күн бұрын

Thanks Judd!

I always appreciate the wisdom you share with us investors

@JefftheMortgagePro

Ай бұрын

Thank you for the kind words!

Great video so well explained.

@JefftheMortgagePro

Ай бұрын

Thank you! 🙏

Not everyone can afford a down payment like the ones they have it's way to high what kind of help can a person get to help with the down-payment

@JefftheMortgagePro

11 күн бұрын

For investment property? Not much help. But a lot less down required for primary residences. 👍

Bro, you could have added a chart while you were talking. And what are points? Is there a book I can read, that you can suggest?

@JefftheMortgagePro

9 күн бұрын

Lol! I'm not that skilled in editing. I'm not sure what books there are regarding dscr loans.

Great video…. Quick question Jeff - If I have a 4 unit property. I recently finished the rehab. I’m placing tenants in units now (1st tenant was placed in Jan, 2nd will be placed with a 12month signed lease by next week) Should I wait until all 4 units have signed 12 month lease in place to get financing with DSCR loan (will appraisal be cheaper if 4 signed leases in place) or will the appraisal cost me the same to start the refi process now with just 2 of the units with signed leases in place (all 4 units rehab is complete). Typical BRRRR deal with Private Money Lenders. Thanks Jeff

@JefftheMortgagePro

Ай бұрын

Great question. Get the tenants first. It's always easier that way. Happy to help with the refi when you're ready.

@JefftheMortgagePro

Ай бұрын

Appraisal will be the same price regardless.

@nickfazzio5277

Ай бұрын

@@JefftheMortgagePro huge thanks Jeff. I absolutely will give you a shout when I go to complete the Refi process. Hoping within a week or 2.

As a realtor If I wanted to purchase an investment property that already has tenants, would you consider using my commission I would get as the reserves or for the closing cost?

@JefftheMortgagePro

9 күн бұрын

Great question. Unfortunately, reserves have to be "seasoned" for at least two months. :(

always need at least 20 % down/?

@JefftheMortgagePro

Ай бұрын

For the most part, yes. 25% down is better.

@michaelpaul5801

24 күн бұрын

@@JefftheMortgagePro why?

@JefftheMortgagePro

24 күн бұрын

Better rates and pricing.

Are DSCR loans maximum 7yrs or what is the maximum before being subjected to refinancing or paying off the loan in full?

@JefftheMortgagePro

8 күн бұрын

They're actually 30 year fixed loans. 😊