Refi on investment property
Looking for a good company to refinance one of my investment properties in the Philly area. This will be my first time doing a refi as a new investor. Any companies or suggestions are welcome. Thanks in advance.
Most Popular Reply
Are you clear on what type of financing you are looking to obtain? If you are looking to refinance a rental property and want a simple process, I would highly recommend using a DSCR (Debt Service Coverage Ratio) loan. This will solely look at your FICO score as well as the property cash flow (asset-based lending) and allow you to scale your portfolio as your DTI will not take a hit.