All Forum Posts by: Stacy Raskin

@James M.- nice to meet you virtually! It would be great to connect by phone or Zoom- let me know what works best for you. I'm a mortgage and real estate broker based in the Westlake Village, CA. I do residential and investment loans for all of CA and investment property loans for 39 other states. 

@Quentin Moller, sounds good- I look forward to chatting. 

@Quentin Moller, I work on rental property loans in Wisconsin. I'm a mortgage broker that works with multiple lenders to help you get the best terms for your investment goals. I'll be in Madison next week to visit family for Thanksgiving! Let me know if you would like to discuss further by phone or Zoom. 

@Bob Foglia, yes- delayed financing and cash out refinances are priced the same. Let me know if you would like to discuss further. I'm a mortgage broker who works with lenders with very competitive rates. 

@Monica Soyemi, I'm a mortgage broker that works with multiple lenders who have DSCR options. They have different prepayment options that are less than 5 years. If you would like we can discuss and I can more details to see what your best options would be for your goals.

@NikkoTountas, I think it depends on if you would like him as a partner or just someone to help fund. If just to help fund, I would work out a finance agreement and consult an attorney in the process. I'm a mortgage broker that works on investment property loans who can shop your scenario to multiple lenders to get the best rates and terms to meet your goals. Let me know if you would like to discuss to see if there's a way I could help you leverage your cash to acquire more properties. Rental property loans or DSCR loans only take current or projected rents, credit score and down payment into consideration to determine rate and terms.

@Bob Foglia, are you asking if DSCR financing is the same as conventional rates or?

@Jack Payne, generally speaking, it's better to use a mortgage or leverage to acquire more properties. There's less buyers on the market now so depending on your local market you can negotiate and have the seller pay closing costs, buydown points and/or a rate reduction. You can also refinance in the future when the opportunity arises. I'm a mortgage broker who works in 40 states for investor loans. Let me know if you would like to discuss further. There's lot of finance options depending on your situation and goals. 

@David Garcia You're welcome- sounds good. 

@David Garcia, DSCR sounds like the way to go if you aren't going to live in the property. Your DSCR options will depend on your credit score as the lenders will take the middle of the three credit scores which will be the deciding factor as to what program options you'll have access to such as property loan amount, required down payment or whether you'll have to have reserves (money for multiple months of property expenses). Also, another benefit of a DSCR loan is that the lender won't consider any debt you have which can often be a problem for trying to qualify for a loan as debt to income (DTI) ratio is capped (usually at around 50%) so all debts including the property associated payments have to be less than half of your income. It gets a bit more detailed - that's the general overview. DSCRs are ideal investment loan products since I have clients who 6 or more investment properties and all that matters to get the next loan is the borrower credit score, down payment amount and current or projected rents. Great loan products to build financial freedom.

I'm a mortgage broker that works with wholesale lenders (lenders that don't work directly with the public). The benefit of working with a mortgage broker is you have access to multiple lender programs and interest rates instead of just one. Lender requirements vary based on what they require for a credit score, down payment and offered maximum loan amount. I have over 20 years of experience in property investment. I can give you a complimentary consultation to see what would work best for your goals. Let me know when would work for you to discuss further.