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What is the Most Commonly Used Reverse Mortgage?

As we age, it’s common to consider ways of ensuring our financial stability in the long run. Reverse mortgages have become a popular option for seniors looking to tap into the equity in their homes to supplement their retirement income.  Homeowners can receive cash payments based on the equity they’ve

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Unlock Your Loan Eligibility: Understanding DSCR and Its Impact

When it comes to loans, borrowers often find themselves in a complex web of financial criteria. Although one might think that their credit history and score should ultimately decide whether or not they qualify for a loan, there are actually other important factors lenders consider as well.  DSCR (Debt Service

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Everything You Need to Know About DSCR Loans

DSCR loans, or debt service coverage ratio loans, are a type of loan that is used to evaluate a borrower’s ability to repay a loan. DSCR lenders typically require a minimum ratio of 1.25 to 1, meaning that the borrower’s net operating income must be 25% greater than their total

Conventional Loans: Everything You Need to Know About Repayment Terms

As housing prices continue to increase, it has become increasingly difficult for many to afford a home. Conventional loans have become an increasingly popular option for first-time and current homeowners alike as they offer benefits, such as fixed-rate mortgage options, up to 90% loan-to-value ratios, and more.  However, before taking

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Reverse Mortgages Explained: What You Need to Know Before Applying

If you’re a homeowner over the age of 62, you may have heard of a reverse mortgage at one point or another. What exactly is a reverse mortgage though? Put simply, it’s a way for you to tap into your home’s equity in retirement, typically enabling you to use it