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DSCR Loans
Can I use a DSCR loan to refinance an existing investment property?
Yes, DSCR loans can be used to refinance existing investment properties. This can be a good option for investors who want to access equity in their property or to obtain more favorable loan terms[10].
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Related Questions
What is a DSCR loan?
A DSCR loan, or Debt Service Coverage Ratio loan, is a type of mortgage designed for real estate investors. Unlike tradi...
How is the DSCR calculated?
The DSCR is calculated by dividing the property's net operating income (NOI) by its annual debt service (total principal...
What is a good DSCR ratio?
Lenders typically prefer a DSCR of 1.25 or higher, indicating the property generates 25% more income than needed for deb...