Mortgage Guides

Most DSCR investment loans include prepayment penalties structured as 5-4-3-2-1 stepdown, 3-year flat, or yield maintenance. Learn how to negotiate lower PPP, calculate breakeven, and access no-PPP programs through wholesale brokers.

DSCR blanket loans consolidate multiple investment properties under a single mortgage with one payment. Learn about release clauses, cross-collateralization, portfolio-level DSCR qualification, and wholesale broker access.

FHA requires a financial assessment for all HECM applicants. Lenders evaluate credit history, income, property charges, and residual income. Learn what triggers a LESA set-aside and how to prepare.

Selling a home with a reverse mortgage follows a clear payoff process. The loan balance is repaid from sale proceeds, and any remaining equity belongs to the homeowner or heirs. Non-recourse protection applies.

HECM borrowers choose from 5 payment plans: tenure, term, line of credit, modified tenure, and modified term. Each plan distributes proceeds differently based on retirement needs.

Dividing home equity in divorce requires a buyout refinance, sale, or co-ownership agreement. Cash-out refinance lets one spouse buy out the other while removing them from the mortgage.

HELOCs have two phases: a draw period (typically 10 years) with interest-only minimums, then a repayment period (10-20 years) with full principal and interest payments. Learn how each phase works.

Cash-out refinance seasoning requirements vary by loan type: conventional requires 6 months ownership, FHA requires 6 months with 6 payments, VA has no seasoning. Delayed financing exception allows immediate cash-out.

Condo mortgages require project approval — warrantable condos qualify for conventional loans while non-warrantable condos need non-QM or portfolio lenders. Wholesale brokers access condo-specialist programs.

Buying property in a revocable living trust requires a lender that allows trust vesting at closing. Most banks restrict trust purchases — wholesale brokers access 50+ Wholesale Lenders with trust-friendly programs.

DSCR interest-only loans reduce monthly payments by 20-30% compared to fully amortizing options, maximizing cash flow for rental property investors. IO periods range from 5-10 years.

DSCR loans finance California vacation rental properties using projected rental income. Top CA vacation markets include Big Bear, Palm Springs, Lake Tahoe, and coastal cities.