No prepayment penalty vs 3 yrs vs 5 yrs for current market

[Hyeseong Park]

What is the best option for prepayment penalty you think these days if I want to go with DSCR loans?

I assume that there is a big chance that the rate can drop a bit more due to elections at the end of next year so govern may decrease the interest rate. which means I should probably go with no PPP and do refinancing next year? what do you think the trend will be?

[Logan Padilla]

Quote from @Hyeseong Park:

What is the best option for prepayment penalty you think these days if I want to go with DSCR loans?

I assume that there is a big chance that the rate can drop a bit more due to elections at the end of next year so govern may decrease the interest rate. which means I should probably go with no PPP and do refinancing next year? what do you think the trend will be?

We have a no PPP DSCR product that also offers highly competitive rates in the arena.

We anticipate rates to continue to fall. No crystal ball, of course, but getting in with no PPP and refinancing in 12-18 months is a solid strategy.