Posts Tagged ‘#NonQMLoans’

What Is a DSCR Loan?—with Stephen Palermo To begin with, DSCR stands for Debt Service Coverage Ratio Loan. A DSCR loan allows borrowers to qualify based on the income the property produces—not their personal income. Offered by only a select few mortgage lenders, this non-QM (non-qualified mortgage) product breaks away from traditional lending guidelines. Instead…