Debt Service Coverage Ration (Investment property only)
Allows your clients to qualify based on rental analysis to determine property cash flow. No personal income required to qualify. DSCR is a measurement of a property’s expected cash flow to determine ability to repay a mortgage loan.
Bridge Loans (Investment property only)
When you’ve found the home you want to buy but your funds aren’t freed up from a previous property, Change Home Mortgage’s Bridge Loan can close the gap. This short-term, interest-only financing helps borrowers purchase an investment property without having to wait for another property to sell, a commission to come through, or another source of funds to become available.