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Updated almost 2 years ago on . Most recent reply

Ben Chung's profile image
Ben Chung's profile image
Ben Chung
  • Flipper/Rehabber
  • from Philadelphia, PA
  • Member since Feb 8, 2017
  • Posts 10
  • Votes 8
  • Experience 14 Yrs
  • Investments 1
Connect

User Stats

10
Posts
8
Votes
Ben Chung's profile image
Ben Chung's profile image
Ben Chung
  • Flipper/Rehabber
  • from Philadelphia, PA
  • Member since Feb 8, 2017
  • Posts 10
  • Votes 8
  • Experience 14 Yrs
  • Investments 1
Connect
Ben Chung
  • Flipper/Rehabber
  • Philadelphia, PA
8
Votes |
10
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

I need a DSCR loan with No Prepayment Penalties

Ben Chung
  • Flipper/Rehabber
  • Philadelphia, PA
Posted

I just found out that in PA it's illegal for a lender to have a DSCR loan under $301k with a prepayment penalty. Since most DSCR lenders require a prepayment penalty it's been difficult to find refinancing options for my rental properties because they are under that $301k loan amount.

So with that said, does anyone know of any DSCR lenders that have lending programs without a prepayment penalty?


Philadelphia, Pennsylvania
1 Vote
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Ben Chung's profile image
Ben Chung's profile image
Ben Chung
  • Flipper/Rehabber
  • from Philadelphia, PA
  • Member since Feb 8, 2017
  • Posts 10
  • Votes 8
  • Experience 14 Yrs
  • Investments 1
Connect

User Stats

10
Posts
8
Votes
Ben Chung's profile image
Ben Chung's profile image
Ben Chung
  • Flipper/Rehabber
  • from Philadelphia, PA
  • Member since Feb 8, 2017
  • Posts 10
  • Votes 8
  • Experience 14 Yrs
  • Investments 1
Connect
Ben Chung
  • Flipper/Rehabber
  • Philadelphia, PA
8
Votes |
10
Posts
Ben Chung
  • Flipper/Rehabber
  • Philadelphia, PA
Replied

@Doug Smith who are these conventional lenders that are doing DSCR's? Do you have any names?

2 Votes
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