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Do you have any pre-payment penaltiesNo, we do not work with lenders who charge prepayment penalties.
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What documents are required?Each loan is unique, but typically you will need to provide: Application Appraisal Copy of insurance Scope of work (if applicable) Entity documents Copy of ID
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What are the interest rates?Rates range anywhere from 9-12%
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What are the associated fees?Most lenders we work with charge less than $1,500 in fees
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What documents are required?Two forms of ID Application Copy of insurance Copy of leases, if occupied Entity documents
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What is Debt Service Coverage Ratio?The DSCR is a calculation that evaluates the financial health of the property. This is calculated by taking the income and dividing by the expenses.
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Do you offer blanket loans?Yes, we are able to refinance more than one property into the same loan.
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What condition does the property need to be in?The property needs to be rental ready.
FAQ
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