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Best Practices for TRID Compliance in DSCR Loans
In the dynamic landscape of business financing, Debt Service Coverage Ratio (DSCR) loans stand out as a unique, robust, and advantageous offering. DSCR, or Debt Service Coverage Ratio, is a calculated metric used by lenders to determine a business’s ability to cover its debt payments. In simple terms, it’s a
Borrower Insights Survey for 2023
Borrower Insights Survey for 2023 The home lending market in 2022 was characterized by extreme fluctuations, and 2023 might witness more of the same. This survey paints a picture of a challenging landscape in 2022 for borrowers, renters, and lenders, largely due to high-interest rates and the possibility of an
How to Repay Your DSCR Loan: Payment Options and Strategies
You’ve heard about DSCR loans and the Debt-Service Coverage Ratio (DSCR), but what exactly are they, and why should you care? In this blog, we’ll break down the fundamentals of DSCR loans, explain the DSCR ratio, and delve into the importance of understanding your repayment options and strategies. What Are
What to Look for in a DSCR Loan Agreement
When it comes to loans, we often think about banks, paperwork, and lots of fine print, right? Well, today we’re diving into the world of a specific type of loan called a DSCR loan. The DSCR loan agreement is a written document that outlines everything you need to know about
Understanding Conventional Loan Interest Rates: What You Need to Know
Are you in the market for a new home or refinancing your existing one and wondering about conventional loan interest rates? Given so many loan options available, figuring out which one is the most suitable for your needs can be quite difficult. Conventional loans are one of the most popular
VA Loans for First-Time Homebuyers: Tips and Strategies
If you’re a first-time homebuyer, going through the process of buying a house can be both exciting and overwhelming. Fortunately, Sprint Funding offers VA loans for veterans and active duty service members that can help make the process simpler. VA loans provide numerous benefits, including no down payment requirement, competitive
Optimize the Success of Your Investment Portfolio with a DSCR Loan for Rental Property
Investing in rental properties can be a profitable way to build passive income. But how do you finance a rental property purchase? Traditional loans may not always be the best option, especially if you’re looking to take out a large loan. This is where DSCR loans come in. Debt Service
What are the 7 Types Of Conventional Loans?
You may have heard about conventional loans and wonder if this type of loan is right for you. It’s important to know what types of conventional loans are available and how they differ from other loan products. This article will provide insight into the seven types of conventional loans and
5 Common VA Loan Myths Debunked
VA loans are a popular choice for military service members and veterans interested in purchasing or refinancing a home. Despite this, there are still numerous myths and misconceptions surrounding VA loans that could discourage individuals from taking advantage of this valuable benefit. In this post, we will debunk some of
Best Home Conventional Loan Lenders
Are you in the market for a conventional home loan, but don’t know where to start? The decision to buy a home is a huge one, and finding the right lender can make all the difference. The good news is that you don’t have to leave the comfort of your