Ken Guzman

5 Frequently Asked Questions (And Answers) About DSCR Loans

If you’re looking to invest in commercial real estate, you may have come across the term DSCR. DSCR stands for debt service coverage ratio, which is a key metric used by lenders to determine the amount of financing they will provide for commercial properties. Here are the top 15 questions about DSCR loans, along with …

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Don’t Get Caught Underinsured: How to Calculate the Right Amount of Homeowner’s Insurance You Need

🏠 Homeowner’s insurance is essential to protect your property, personal belongings, and your liability risks. However, determining how much homeowner’s insurance you need can be challenging. The right amount of homeowner’s insurance depends on several factors, such as replacement costs, other structures coverage, personal property coverage, liability coverage, and additional living expenses coverage. 💰 How …

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Changes to LLPAs: What Borrowers Need to Know Starting May 1st

Starting May 1st, changes to the fees associated with obtaining a mortgage will go into effect, impacting borrowers with lower credit scores and smaller down payments. The changes will make mortgages more accessible for these borrowers, by reducing Loan-Level Price Adjustments (LLPAs) for those with credit scores between 620 and 679, as well as for …

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Why USDA Loans Are a Game-Changer for First-Time Homebuyers in Rural Areas

Buying a home is one of the most significant financial decisions that one makes in their lifetime. For first-time homebuyers, the process can be daunting, especially if they live in rural areas with limited resources. However, the United States Department of Agriculture (USDA) offers a loan program specifically designed to help first-time homebuyers in rural …

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