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Updated 4 months ago on . Most recent reply

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Non QM lending

Account Closed
Posted

Hi all,
I am newer to this website and community.

quick question for everyone. I have multiple properties and am thinking of just doing non qm loans moving forward. I don’t want the hassle of conventional lending. It only seems like 1.5% difference.

thoughts? 

P&L, Bank Statement, DSCR etc

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Erik Estrada
#4 Mortgage Brokers & Lenders Contributor
  • Lender
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Erik Estrada
#4 Mortgage Brokers & Lenders Contributor
  • Lender
Replied

The main hassle of conventional lending is being able to provide proof of income and seasoning. What exactly are you experiencing difficulty with? 

DSCR loans are great! But I would suggest exploring all options to make sure you are getting the best rate and terms. The PPP and points on a DSCR loan can be costly.

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