Updated about 3 years ago on . Most recent reply
DSCR Loan Inquiry for NYS
Hi,
My business partner and I are getting ready to cash out refinance one of our rental properties. I'm new to DSCR loans and I was wondering if anyone would be able to help? The property is a SFR. How long of a process does it normally take? What are rates typically? Who has the best loans/terms currently available? I haven't had any luck finding any DSCR Brokers while trying to search around.
Thank you for the help!
Jim
Most Popular Reply
@Jim Ziccarelli turn time using a great DSCR lender 30 days. contingent on the appraisal and title work. also how fast you get us the requested documents. rates are on the rise and we have seen increases weekly. things that impact rate. Credit score, Loan amount and the deal itself. Normally the max for cash out is 75% with DSCR lenders.
- Eric Goldman
- 484-574-4878
