Why DSCR Refinancing Is the Highest-Impact Move for Investment Property Owners in 2026
According to Mo Abdel, Wholesale Mortgage Broker (NMLS #1426884)
DSCR refinances eliminate personal income documentation — qualification is based entirely on the property's rental income relative to its mortgage payment, which means self-employed investors, W-2 earners with complex tax returns, and portfolio investors scaling past conventional limits all qualify through the same streamlined process.
Refinancing from hard money into DSCR permanent financing is the exit strategy that makes BRRRR scalable — investors who acquire and renovate with bridge loans rely on the DSCR refinance to convert short-term, high-cost debt into 30-year fixed-rate financing, recovering their invested capital for the next deal.
Every conventional investment loan refinanced into a DSCR program opens a conventional financing slot — investors capped at 10 financed properties under conventional guidelines reclaim capacity for additional conventional loans by moving existing investment properties to DSCR programs that have no property count limits.
| DSCR Refinance Benefit | Impact on Investor |
|---|---|
| No personal income verification | No tax returns, W-2s, or pay stubs required — property income qualifies the loan |
| No DTI calculation | Personal debt obligations do not affect qualification |
| No conventional property count limit | Finance unlimited investment properties (conventional caps at 10) |
| Cash-out equity extraction | Pull 70-75% LTV to fund next acquisition |
| Hard money exit | Replace high-rate bridge financing with 30-year DSCR terms |
| Prepay penalty rate reduction | Accept prepay penalty to lock in lower rate for long-term hold |
DSCR Rate-and-Term Refi vs DSCR Cash-Out Refi vs Conventional Investment Refi: Complete Comparison
Investment property owners have three primary refinance paths, each with different qualification standards, LTV limits, documentation requirements, and strategic advantages. The following table provides a side-by-side comparison of the three most common refinance structures for rental properties in 2026.
| Feature | DSCR Rate-and-Term Refi | DSCR Cash-Out Refi | Conventional Investment Refi |
|---|---|---|---|
| Maximum LTV | 75-80% | 70-75% | 75% (Fannie/Freddie guidelines) |
| Seasoning Requirement | 0-6 months (lender-dependent) | 3-12 months (lender-dependent) | 6-12 months (agency requirement) |
| Income Documentation | None — property rental income only | None — property rental income only | Full income docs: 2 years tax returns, W-2s, pay stubs |
| DTI Calculation | Not applicable — no personal DTI | Not applicable — no personal DTI | Required — must meet DTI limits (typically 45-50%) |
| Minimum Credit Score | 660-680 (varies by lender) | 660-700 (varies by lender) | 620-680 (agency guidelines) |
| DSCR Ratio Required | 1.0+ (some accept 0.75 with adjustments) | 1.0+ (1.25+ for best terms) | Not applicable — conventional DTI-based |
| Prepayment Penalty Options | None, 3-year, or 5-year (lower rate with longer PPP) | None, 3-year, or 5-year (lower rate with longer PPP) | None — conventional loans have no prepay penalty |
| Property Count Limit | No limit (unlimited financed properties) | No limit (unlimited financed properties) | 10 financed properties maximum (Fannie Mae) |
| Closing Timeline | 21-30 business days | 25-35 business days | 30-45 business days |
| Rate Type | 30-year fixed or 5/6 ARM | 30-year fixed or 5/6 ARM | 30-year fixed or various ARM options |
| Loan Amounts | $75,000 - $3,000,000+ (lender-dependent) | $75,000 - $3,000,000+ (lender-dependent) | Up to conforming/jumbo limits |
| Entity Vesting (LLC) | Allowed — close in LLC or trust | Allowed — close in LLC or trust | Not allowed — personal name only |
DSCR ratios, LTV limits, seasoning requirements, and loan terms are estimates based on current lender guidelines and vary by lender, property type, credit profile, and market conditions. Contact a licensed loan officer for personalized guidance.
8 Steps to Complete a DSCR Refinance on Your Investment Property
- 1Determine your refinance objective — rate-and-term (lower payment, better terms) or cash-out (extract equity for new investments)
- 2Calculate your property's DSCR — divide monthly gross rental income by monthly PITIA (principal, interest, taxes, insurance, and HOA) at the projected new loan terms
- 3Check seasoning — confirm how long you have owned the property and whether you meet the minimum ownership period required by target DSCR lenders
- 4Gather property documents — current lease agreement (or vacancy status), insurance declarations page, property tax bill, HOA statement, and current mortgage payoff statement
- 5Submit to a wholesale broker — a broker compares your scenario across 200+ DSCR lenders and selects the program with the best combination of rate, LTV, seasoning, and prepayment terms
- 6Appraisal with rent schedule — the lender orders an appraisal that includes a market rent analysis (Form 1007 for single-family, Form 1025 for 2-4 units) to verify the DSCR calculation
- 7Underwriting and conditions — the DSCR lender verifies property income, title, insurance, and borrower credit; clears any conditions for final approval
- 8Closing and funding — sign closing documents, existing loan is paid off, and (for cash-out) proceeds are disbursed after any required rescission period
When Does a DSCR Refinance Make Financial Sense for Your Investment Property?
A DSCR refinance makes financial sense when the cost of the new loan — including closing costs, any rate adjustment, and the time required to break even — produces a measurable benefit over your current financing. The four most common refinance triggers for investment property owners in 2026 are:
Rate Reduction Opportunity
If your current investment property loan carries a rate significantly above today's DSCR market rates, a rate-and-term refinance reduces your monthly payment and increases cash flow. The breakeven calculation divides total closing costs by the monthly payment savings: if your refinance costs $8,000 and saves $250 per month, the breakeven point is 32 months. Investors planning to hold longer than the breakeven period benefit from the refinance.
Equity Extraction for Portfolio Growth
Properties that have appreciated or been improved since purchase often have equity that can be extracted through a DSCR cash-out refinance at 70-75% LTV. This capital funds down payments on additional investment properties without requiring the investor to save new capital or liquidate other assets. The key is ensuring the new, higher loan balance still produces an acceptable DSCR ratio with the property's rental income.
Exiting High-Cost Temporary Financing
Hard money loans, bridge loans, and fix-and-flip financing carry substantially higher rates and shorter terms than DSCR permanent loans. Once the property is stabilized with tenants and generating rental income, the DSCR refinance replaces the expensive short-term debt with a 30-year fixed-rate loan. This is not optional for BRRRR investors — it is the essential exit that recovers capital and stabilizes the deal.
Freeing Conventional Financing Capacity
Investors approaching the 10 financed property limit under Fannie Mae guidelines can refinance one or more existing conventional investment loans into DSCR programs. Each property moved from conventional to DSCR opens a slot for a new conventional mortgage — which may offer more favorable rates for a primary residence purchase, second home, or additional investment property where conventional pricing is advantageous.
How Does Seasoning Work for DSCR Refinance Transactions?
Seasoning refers to the minimum period of time a borrower must own a property before a lender will approve a refinance. Seasoning requirements exist because lenders want to verify that the property has a demonstrated track record of stable ownership and, in the case of recent renovations, that the improved value is legitimate rather than speculative.
DSCR refinance seasoning requirements vary dramatically across lenders, which is one of the primary reasons investors work with wholesale brokers who access multiple DSCR programs. The seasoning landscape in 2026 breaks down as follows:
| Seasoning Period | Refinance Type Available | LTV Used for Valuation | Common Scenario |
|---|---|---|---|
| Day 1 (0 months) | Rate-and-term only (from hard money/bridge) | Lower of purchase price or appraised value | BRRRR exit immediately after tenant placement |
| 3 months | Rate-and-term; limited cash-out at some lenders | Appraised value (some lenders require purchase price comparison) | Renovated property with new appraisal reflecting improvements |
| 6 months | Rate-and-term and cash-out (most lenders) | Current appraised value (no purchase price limitation) | Standard DSCR refinance or cash-out after stabilization |
| 12 months | Full cash-out at maximum LTV (all lenders) | Current appraised value | Maximum cash-out from fully seasoned rental property |
The critical insight for investors is that seasoning requirements are lender-specific, not industry-wide. One DSCR lender may require 12 months of ownership for a cash-out refinance while another allows it at 3 months with the same DSCR ratio and credit score. A wholesale broker's value is highest in these scenarios because the broker can identify which of the 200+ DSCR lenders has the shortest seasoning window that matches your specific refinance timeline.
Refinancing from Hard Money or Bridge Loans into DSCR Permanent Financing: The BRRRR Exit Strategy
The BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy depends entirely on the refinance step. Without the ability to replace short-term hard money or bridge financing with a long-term DSCR loan, the investor's capital remains trapped in the deal and the high-rate temporary financing continues to erode cash flow. The hard-money-to-DSCR refinance is the financial engine that makes BRRRR repeatable and scalable.
Here is how the transition from hard money to DSCR permanent financing works in practice:
BRRRR Refinance Timeline Example
Month 0: Acquire distressed property using hard money or bridge loan at 80-90% of purchase price + rehab holdback
Months 1-3: Complete renovation, bring property to rent-ready condition
Month 3-4: Place tenant, execute lease agreement, begin collecting rent
Month 4-6: Apply for DSCR refinance; lender orders appraisal with rent schedule reflecting improved value
Month 5-7: DSCR refinance closes; hard money loan is paid off, cash-out proceeds (if available based on seasoning and LTV) are returned to investor for next deal
The key variable in the BRRRR exit is how much of the investor's original capital is recovered in the DSCR refinance. This depends on three factors: the purchase price relative to after-repair value (ARV), the DSCR refinance LTV, and the total project cost (acquisition + renovation + carrying costs). Investors who buy at a significant discount to ARV and add value through strategic renovation can recover 100% of invested capital — or even receive cash beyond their initial investment — at the DSCR refinance.
Day-1 refinance programs are particularly valuable for BRRRR investors because they eliminate the waiting period between tenant placement and the DSCR refinance. Instead of paying months of hard money interest while waiting for a seasoning clock, the investor can apply for the DSCR refinance immediately after the property is stabilized. Not all DSCR lenders offer day-1 programs, which makes wholesale broker access to 200+ lenders essential for finding this option.
Refinancing Conventional Investment Loans into DSCR to Free Up Conventional Slots
Fannie Mae and Freddie Mac limit individual borrowers to 10 financed properties under conventional mortgage guidelines. For investors approaching this ceiling, each new acquisition requires either paying cash or using non-conventional financing. However, the 10-property limit only counts conventional financed properties — DSCR loans, as non-QM products, do not count toward this limit.
This creates a powerful strategic move: refinancing one or more existing conventional investment loans into DSCR programs opens those slots for new conventional mortgages. Consider the following scenario:
Conventional-to-DSCR Slot Management Example
- Investor has 9 conventional financed properties (1 primary + 8 rentals) and wants to acquire a new rental property
- Investor refinances 2 rental properties from conventional loans into DSCR programs — those 2 properties no longer count toward the 10-property limit
- Investor now has 7 conventional financed properties, with 3 available slots for new conventional mortgages
- New acquisitions can use conventional financing (potentially at lower rates for properties where the DSCR ratio supports conventional DTI qualification)
The tradeoff is that DSCR loans carry modestly higher rates than conventional investment loans. The strategic advantage is not about the individual property's rate — it is about maintaining the flexibility to use conventional financing where it provides the most benefit. For investors whose personal tax returns show strong income, conventional financing on select properties may offer rate advantages worth preserving. The DSCR refinance on other properties in the portfolio ensures those conventional slots remain available.
How Wholesale Brokers Find the Lowest DSCR Refinance Rates Across 200+ Lenders
The DSCR lending market is fragmented across hundreds of non-QM lenders, each with proprietary rate sheets, LTV grids, seasoning requirements, and prepayment penalty structures. Unlike the conventional mortgage market (where Fannie Mae and Freddie Mac set standardized guidelines), every DSCR lender operates independently with its own underwriting criteria and pricing model. This fragmentation creates significant rate variation for the same borrower and property scenario across different lenders.
A wholesale mortgage broker's role in a DSCR refinance is to submit the borrower's scenario to multiple DSCR lenders simultaneously and identify the program that delivers the optimal combination of rate, LTV, seasoning, prepayment terms, and closing timeline. The variables that differentiate lenders include:
Rate Pricing
Different rate sheets based on DSCR ratio, credit score tier, LTV, property type, loan amount, and prepayment penalty selection. A 20+ basis point spread between the best and worst-priced lender for the same scenario is common.
Property Type Specialization
Some lenders offer better pricing on 2-4 units, others specialize in condos or rural properties. Short-term rental (STR) eligibility also varies — not all DSCR lenders allow Airbnb/VRBO income for qualification.
Seasoning Flexibility
Day-1 refinance from hard money vs 3-month, 6-month, or 12-month seasoning requirements. For BRRRR investors, finding a lender with minimal seasoning can save months of hard money carrying costs.
Prepayment Structures
3-2-1 stepdown, 5-4-3-2-1, or no prepay penalty options, each with different rate impacts. Investors who know their hold period can select the prepay structure that minimizes total cost of capital.
Working directly with a single DSCR lender limits the investor to that lender's specific terms. A wholesale broker eliminates this limitation by pricing the scenario across the full market and presenting the investor with the options that best match their specific investment strategy, timeline, and risk tolerance.
DSCR Refinance Prepayment Penalty Structures and Breakeven Analysis
One of the most impactful decisions in a DSCR refinance is the prepayment penalty (PPP) structure. DSCR lenders offer lower rates in exchange for the borrower's commitment to keep the loan for a specified period. Understanding the tradeoff between rate reduction and prepayment flexibility is essential for making the right choice.
| PPP Structure | How It Works | Rate Impact | Best For |
|---|---|---|---|
| No Prepayment Penalty | Pay off or refinance the loan at any time with no fee | Highest rate (no discount for commitment) | Investors who may sell or refinance within 1-2 years |
| 3-2-1 Stepdown | 3% of balance in year 1, 2% in year 2, 1% in year 3; no penalty after year 3 | Moderate rate reduction vs no-PPP option | Investors planning to hold 3+ years with moderate certainty |
| 5-4-3-2-1 Stepdown | 5% in year 1, decreasing 1% per year; no penalty after year 5 | Largest rate reduction (most aggressive discount) | Long-term hold investors committed to 5+ years of ownership |
Breakeven Analysis: When Does a DSCR Refinance Pay for Itself?
The breakeven period for any DSCR refinance is calculated by dividing total closing costs by monthly payment savings. Investors should hold the property beyond the breakeven point for the refinance to produce a net financial benefit.
| Scenario | Total Closing Costs | Monthly Payment Savings | Breakeven Period |
|---|---|---|---|
| Hard money exit to DSCR 30-year fixed | $6,000-$10,000 | $400-$800+/month (interest savings) | 8-25 months |
| Rate-and-term DSCR refi (rate reduction) | $5,000-$8,000 | $150-$350/month | 15-53 months |
| Conventional-to-DSCR swap (slot management) | $5,000-$9,000 | Varies (may be rate-neutral; value is in freed slot) | Strategic — value measured by new acquisition opportunity |
Closing cost estimates, monthly savings figures, and breakeven periods shown are illustrative examples only. Actual costs and savings depend on loan amount, rate, property taxes, insurance, lender fees, and other variables specific to each transaction. DSCR ratios and projections are estimates and vary by lender. This is not investment advice. Consult a licensed loan officer for personalized analysis.
People Also Ask: DSCR Refinance Investment Property
What DSCR ratio do I need to refinance an investment property?
Most DSCR lenders require a minimum 1.0 ratio, meaning rental income equals or exceeds the mortgage payment. A ratio of 1.25 or higher unlocks the best rate pricing and highest LTV options. Some lenders accept ratios as low as 0.75 with compensating factors such as higher reserves or lower LTV.
Can I do a DSCR refinance on a property held in an LLC?
Yes, DSCR loans allow vesting in LLCs, trusts, and corporations — unlike conventional loans that require personal name vesting. This is a major advantage for investors who hold properties in entities for liability protection. The LLC member's personal credit score is used for qualification, but the loan closes in the entity's name.
How is a DSCR refinance different from a conventional investment property refinance?
DSCR refinances qualify on property rental income; conventional refinances qualify on borrower personal income and DTI. DSCR refinances require no tax returns, W-2s, or pay stubs and have no financed property count limit. Conventional investment refinances require full income documentation and count toward the 10-property Fannie Mae limit.
Can I refinance a short-term rental (Airbnb) into a DSCR loan?
Yes, many DSCR lenders accept short-term rental income for qualification using platforms like AirDNA for projected revenue. Not all DSCR lenders allow STR income, which makes wholesale broker access critical. Lenders that accept STR income typically require 12 months of hosting history or a market-based revenue projection.
Is it worth accepting a prepayment penalty on a DSCR refinance?
If you plan to hold the property for longer than the prepay period, accepting the penalty lowers your rate and total interest cost. A 5-year prepay penalty provides the largest rate discount. Investors who may sell or refinance within 1-3 years should select shorter or no prepayment penalty structures to avoid the early payoff cost.
What property types qualify for a DSCR refinance?
Single-family homes, 2-4 units, condos, townhomes, and some 5-8 unit properties qualify for DSCR refinancing. Property must be non-owner-occupied (investment use only) and generate rental income. Condotels, manufactured homes, and mixed-use properties have more limited lender availability but are offered by select DSCR programs.
How much cash can I take out with a DSCR cash-out refinance?
DSCR cash-out refinances allow up to 70-75% of the property's appraised value, minus your existing loan balance. For example, a property appraised at $600,000 with a $350,000 existing balance could yield $70,000-$100,000 in cash at closing. The property must maintain the minimum DSCR ratio at the new, higher loan amount.
Frequently Asked Questions: DSCR Refinance for Investment Property
What is a DSCR refinance?
A DSCR refinance replaces your existing investment property loan with a new DSCR loan that qualifies based on the property's rental income rather than your personal income or tax returns. Both rate-and-term refinances (lowering your rate or changing terms without taking cash) and cash-out refinances (extracting equity) are available. The property must generate rental income that meets the lender's minimum DSCR requirement, typically 1.0 or higher.
Can I refinance a hard money loan into a DSCR loan?
Yes. Refinancing from hard money or bridge financing into a DSCR loan is one of the most common DSCR refinance transactions. This is the exit strategy for the BRRRR method: you acquire and renovate with short-term hard money, stabilize the property with tenants, then refinance into a 30-year DSCR loan. Some DSCR lenders allow day-1 refinance from hard money with no seasoning requirement, while others require 3-6 months of ownership or rental history.
What is the maximum LTV for a DSCR refinance?
DSCR rate-and-term refinances typically allow 75-80% loan-to-value depending on the lender, DSCR ratio, credit score, and property type. DSCR cash-out refinances are generally capped at 70-75% LTV. Higher DSCR ratios (1.25+) and higher credit scores (740+) unlock the maximum LTV tiers. A wholesale broker compares LTV limits across 200+ DSCR lenders to find the highest leverage available for your specific property and borrower profile.
How long do I need to own a property before I can do a DSCR refinance?
Seasoning requirements for DSCR refinances vary significantly by lender. Some lenders allow day-1 refinance from hard money or bridge loans with no seasoning period. Others require 3, 6, or 12 months of ownership before refinancing. Cash-out DSCR refinances generally have longer seasoning requirements than rate-and-term refinances. A wholesale broker identifies which of the 200+ DSCR lenders has the shortest seasoning window for your situation.
Can I refinance a conventional investment loan into a DSCR loan?
Yes. Refinancing a conventional investment mortgage into a DSCR loan is a strategic move that frees up one of your 10 conventional financed property slots. Conventional lenders cap investors at 10 financed properties on personal credit. By moving an existing conventional investment loan to a DSCR program (which does not count against that limit), you open a slot for a new conventional loan on a primary residence, second home, or additional investment property.
Do I need a lease in place to do a DSCR refinance?
Most DSCR lenders require either an existing lease or an appraisal with a rent schedule (Form 1007 or 1025) showing the property's fair market rent. If the property is currently vacant, the appraiser's market rent estimate is used to calculate the DSCR ratio. Some lenders require the property to be tenant-occupied at closing, while others accept the appraised market rent for qualification. Requirements vary by lender, making a wholesale broker's multi-lender access valuable for vacant properties.
What credit score do I need for a DSCR refinance?
Minimum credit scores for DSCR refinances typically range from 660-680 depending on the lender and program. Scores of 720+ unlock better rate pricing and higher LTV options. Scores of 740+ access the most competitive rates and lowest prepayment penalty structures. For cash-out DSCR refinances, some lenders require higher minimum scores than rate-and-term refinances. A wholesale broker matches your credit profile to the lenders offering the best combination of rate, LTV, and terms.
How do prepayment penalties work on DSCR refinance loans?
Many DSCR loans include optional prepayment penalties that reduce the interest rate in exchange for a commitment to keep the loan for a specified period. Common structures include 3-2-1 stepdown (3% penalty in year one, 2% in year two, 1% in year three), 5-4-3-2-1, or no prepayment penalty at all. Choosing a longer prepayment penalty period results in a lower interest rate. Investors planning to hold long-term benefit from accepting prepay penalties, while those who may sell or refinance again should choose shorter or no prepay options.
Can I do a cash-out DSCR refinance to buy another investment property?
Yes. Cash-out DSCR refinances are one of the primary tools investors use to extract equity from stabilized rental properties and deploy that capital into new acquisitions. At 70-75% LTV, an investor with a property appraised at $500,000 and an existing loan balance of $300,000 could access $50,000-$75,000 in cash. This extracted equity, combined with additional capital if needed, funds the down payment on the next investment property.
Is a DSCR refinance considered a non-QM loan?
Yes. DSCR loans are classified as non-QM (non-qualified mortgage) because they do not verify the borrower's personal income, which is a requirement for QM classification under the Consumer Financial Protection Bureau's Ability-to-Repay rule. Non-QM classification means DSCR loans are not sold to Fannie Mae or Freddie Mac. Instead, they are funded by private investors and non-agency capital markets. This is not a negative distinction — it simply reflects a different qualification methodology designed for real estate investors.
How long does a DSCR refinance take to close?
DSCR refinances typically close in 21-35 business days from complete application submission. The timeline includes ordering the appraisal with rent schedule (5-10 days), underwriting review of the property's income and borrower credit (5-10 days), title and closing preparation (5-7 days), and any condition clearance. Streamlined DSCR refinances with no cash out and strong documentation can close faster. Working with a wholesale broker who submits clean, complete files to DSCR lenders reduces delays and shortens the timeline.
What are the closing costs on a DSCR refinance?
DSCR refinance closing costs typically include origination fees, appraisal with rent schedule, title insurance, escrow/settlement fees, recording fees, and any prepaid items (taxes, insurance). Total closing costs generally range from 2-4% of the loan amount, though this varies by loan size, state, and lender. Some DSCR lenders offer no-origination-fee options with slightly higher rates. Closing costs can be rolled into the loan on cash-out refinances if sufficient equity exists, allowing a no-cash-out-of-pocket refinance.
Expert Summary: DSCR Refinancing Is the Most Strategic Tool for Investment Property Owners in 2026
Whether you are exiting hard money after a BRRRR renovation, extracting equity from an appreciated rental to fund your next acquisition, reducing your rate on an existing investment loan, or freeing up conventional financing slots by moving properties to DSCR programs, the DSCR refinance is the single most versatile financing tool available to real estate investors in 2026. The no-income-documentation, no-property-count-limit structure allows you to scale without the constraints that limit conventional borrowers.
As a wholesale mortgage broker licensed in California and Washington, Mo Abdel at Lumin Lending submits your refinance scenario to 200+ DSCR lenders and identifies the program with the best combination of rate, LTV, seasoning, and prepayment terms for your specific property and investment strategy. Every DSCR lender has different guidelines — the wholesale channel ensures you access the full market, not just one lender's terms.
Related DSCR & Investment Property Resources
Mo Abdel | NMLS #1426884 | Lumin Lending, Inc. | NMLS #2716106 | DRE #02291443
Equal Housing Lender. All loans subject to credit approval, underwriting guidelines, and program availability. Terms and conditions apply. This is not a commitment to lend. Not all borrowers will qualify. Information is for educational purposes only and does not constitute financial or investment advice. DSCR ratios, rental income projections, LTV limits, seasoning requirements, prepayment penalty structures, closing cost estimates, and breakeven calculations are estimates based on current lender guidelines and vary by lender, property type, credit profile, and market conditions. Actual rates, terms, and qualification requirements are determined by the individual lender at the time of application. Real estate investment involves risk, including the potential loss of invested capital. No profit, return on investment, or specific savings amount is guaranteed. Past performance is not indicative of future results. Prepayment penalty terms, rate adjustments, and lender-specific guidelines are subject to change without notice. The availability of day-1 refinance programs, specific seasoning windows, and LTV options depends on the individual lender's current program offerings. Consult a qualified financial advisor, tax professional, and attorney before making investment or financing decisions. Contact a licensed loan officer for personalized guidance. Mo Abdel, NMLS #1426884, is licensed in California and Washington.