))
DSCR - using the rental income only to qualify for an investment property
Manage episode 402363639 series 2979320
Content provided by Didier Malagies. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Didier Malagies or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
DSCR (Debt Service Coverage Ratio): DSCR is a financial ratio that measures a company's ability to meet its debt obligations. In the context of loans, it typically refers to the ratio of a property's net operating income to its debt obligations, including mortgage payments. A higher DSCR indicates a better ability to cover debt payments.
Non-Qualified Mortgage (Non-QM): Non-QM loans are mortgages that do not meet the standards set by government-sponsored enterprises like Fannie Mae and Freddie Mac. These loans are considered riskier and may have features that deviate from the traditional qualified mortgage criteria, such as interest-only payments or higher debt-to-income ratios.
Combining these concepts, a "dscr loan nonqm" might refer to a non-qualified mortgage where the lender considers the Debt Service Coverage Ratio as a key factor in determining the borrower's eligibility. This type of loan may be suitable for borrowers who don't meet the traditional mortgage criteria but can demonstrate a strong ability to cover debt payments based on the property's income.
tune in and learn more at https://www.ddamortgage.com/blog
Didier Malagies nmls212566
DDA Mortgage nmls324329
268 episodes
Share
