What Are Interest Rates for DSCR Loans in 2023?
What Are Interest Rates for DSCR Loans in 2023?
Hey Beau, wanted to find out what the current rates are for DSCR loans. Can you help me with that?
Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - http://bookwithbeau.com/
Timestamps
[00:14] DSCR rates change every single day, sometimes 2-3 times a day
[00:22] DSCR loans adjust like conventional loans
[00:33] The pricing is determined by loan-to-value whether it’s a purchase refinance or cash-out refinance, and your credit score
[00:43] LTV and credit scores are big determining factors
[00:49] There’s a hit if it’s a non-warrantable condo
[00:57] The rates can be anywhere from the sevens to the mid eights
[01:15] What’s the actual DSCR on it?
[01:28] This February, the rates could be on the low end
[01:45] Some lenders won't lend in certain states
[01:56] The rates can vary very drastically between lenders
The video is about current interest rates for DSCR loans in 2023. Beau explains that these rates change daily and are typically determined by loan-to-value (LTV), credit score, and other factors such as whether it's a purchase, refinance, or cash-out refinance, and whether it's a condo or not. The rates can range from the sevens to mid eights, depending on these factors.
Beau also mentions that some lenders have different rates and terms, so it's important to compare offers.
If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask
💥 Thanks for watching 💥
#dscrloans #dscr #interestrates
About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.
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