DSCR Loans: How to Use Rental Income to Secure Funding
Are you a real estate investor looking to expand your portfolio but struggling to secure financing? DSCR loans may be the solution you've been searching for. In this article, we will explore how you can use rental income to qualify for a debt-service coverage ratio (DSCR) loan, allowing you to access the funds you need to grow your real estate empire.
What are DSCR Loans?
DSCR loans are a type of commercial mortgage that evaluates the property's income-generating potential rather than focusing solely on the borrower's credit score. Lenders use the debt-service coverage ratio to determine if the rental income from the property is sufficient to cover the mortgage payments.
How to Qualify for a DSCR Loan Using Rental Income?
Calculate Your Debt-Service Coverage Ratio: To qualify ...