DSCR or PML

[Anthony Hidalgo]

Hello, we recently PCSed (moved) to San Antonio, TX. we are a military family with 4 rental properties.  

Colorado Springs, CO - 480k / Owe 327k (3.6%)

Colorado Springs, CO - 630k / Owe 533k (4.3%)

El Paso, TX - 255k / Owe 133k (3.3%)

Radcliff, KY -  230k / owe 111k (3.3%)

We are looking to consolidate some loans/credit lines that we opened to make some improvements to our homes. Our goal is to purchase a primary home in San Antonio without selling one of our investments.

.

[Erik Estrada]

Hey Anthony, 

What are the rents for these properties? Also, what is the current interest rate on these properties. 

For a DSCR cash out, you would be able to cash out up to 80% of the appraised value as long as the rents cover the full mortgage payment