All Forum Posts by: Jeff Nunley
Jeff Nunley has started 0 posts and replied 2 times.
Post: Does using a portfolio line of credit affect DTI ratio?
- Posts 2
- Votes 2
Whether it is considered long or short term debt you still need to factor the payment into your debt ratio.
There is a newer alternative to a Conventional loan called a DSCR loan. Essentially, these are commercial loans on residential property. The lender only looks at the cash flow on the property and not your personal debt to income ratio. The rates are a little higher in most cases but given the current upheaval in the conventional investment loan market they are much more attractive than they used to be. These loans are also not limited to a maximum number of properties and sometimes the loan to values are higher on 2-4 unit properties.
Post: Does using a portfolio line of credit affect DTI ratio?
- Posts 2
- Votes 2
Whether it is considered long or short term debt you still need to factor the payment into your debt ratio.
There is a newer alternative to a Conventional loan called a DSCR loan. Essentially these are commercial loans on residential property. The lender only looks at the cash flow on the property and not your personal debt to income ratio. The rates are a little higher in most cases but given the current upheaval in the conventional investment loan market they are much more attractive than they used to be. These loans are also not limited to a maximum number of properties and sometimes the loan to vlaues are higher on 2-4 unit properties.