Real estate blog entries tagged with debt service coverage by Rob Spinosa, Mortgage Loan Originator, Marin County (US Bank)

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debt service coverage: What Is a Debt Service Coverage Ratio Mortgage? - 06/04/19 07:50 AM

What Is a Debt Service Coverage Ratio Mortgage?

Real estate investors have long turned to private money loans when conventional mortgage lenders have determined that either they, with their multiple property holdings, or the properties they are looking to buy, pose too great a risk. But for its benefits of closing quickly and not involving an intrusive qualifying process based on ability-to-repay (ATR), hard money loans are expensive and most often have terms that require the investor to refinance or pay off the loan in the short term --- not an ideal fit for those who own, or are building, a portfolio … (1 comments)

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