If you want to acquire rental properties, but you are having issues proving your income – here’s one tool you can use…
It’s called a Debt Service Coverage loan.
We take the estimated amount the property would rent for, and as long as that number covers the mortgage payment – you are ok income wise. (No more income docs needed)
Down payments average around 20% on these types of loans – credit score depending.
If you think this might be a useful tool for you to acquire rental property – please let us know! We are happy to help!
Thanks for reading!
Have a great day!
Brett
Texas renters are spending more than 30% of their incomes on rent. It can be…
If you are looking for a home in the outer suburbs or in a rural…
If you have credit card debt it’s smart to consider a consolidation loan. If you…
I wanted to let you know we have a 2% to 5% downpayment and closing…
Do you have investment property, and would like to pull cash out of your property?…
Texas renters are spending more than 30% of their incomes on rent. It can be…
