“DSCR= Debt Service Coverage Ratio”

By
Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

“DSCR= Debt Service Coverage Ratio”

 

Mr. Petrowsky,

I came across you contact information as a result of a search looking for a DSCR loan, I wasn’t sure if you do them? You wrote a blog about investor cash flow loans, which I believe are the same thing. Do you do mortgages in NH and VT?

I own a 4 family which I purchased a number of years ago. This one happens to be in NH, the property has no mortgage and I estimate the value at $280,000.

I used to do business with a local bank, but I guess I have reached my borrowing limit with them, so it is time for me to look elsewhere, that is how I got to you.

Communicate with me at your earliest convenience. By the way your Linkedin profile is very impressive.

 

DSRC loans are also known as investor cash flow loans. These are for residential properties 1-4 family homes. Basically the cash flow of the property needs to cover the principal, interest, taxes and insurance, if it does, good chances the borrower can get a mortgage. No other income is required and no tax returns.

 

I DO MORTGAGES IN CT, MA, RI, ME, NH, VT, NY & FL.

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

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Comments (3)

Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

Great information Joe!

DSRC loans are also known as investor cash flow loans. These are for residential properties 1-4 family homes. Basically the cash flow of the property needs to cover the principal, interest, taxes and insurance, if it does, good chances the borrower can get a mortgage. No other income is required and no tax returns.

Apr 19, 2021 04:06 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Joe. When it is not pure vanilla, a mortgage broker is your best source. Enjoy your day. 

Apr 19, 2021 04:41 AM
Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

Joe,

Great information.  So important to maintain a positve cash flow.  Make it a great Monday and start of the week.  Thanks for the post.  Bill Salvatore 

Apr 19, 2021 05:33 AM

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