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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 their answers: What is DSCR, and how is it calculated?...

As a real estate investor, I know first hand how challenging it can be to get started in investing. When I first began buying properties, I struggled to secure financing for my first investment. I had some savings, but it wasn’t enough to buy a property outright, and I didn’t want to take on too much debt. Like many investors, I turned to conventional loans. However, I quickly realized that these loans were often rigid and inflexible. They required extensive personal financial information,...

🏠 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 do you calculate the replacement cost? The replacement cost is the cost...

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 borrowers with down payments of less than 20%. New fee structure The new fee structure will work by reducing the amount of fees charged to borrowers...