Have a rental with a low fixed rate and a lot of equity? You don't have to sell it or refinance to buy your next property.
A DSCR second mortgage lets you keep your first mortgage in place and pull equity out of the rental. You qualify based on the property's rental income, not your tax returns.
That equity can become the down payment on your next investment property.
Most lenders don't know a DSCR second mortgage exists. If you're an investor, or a Realtor or financial advisor with investor clients, this strategy can open up your next deal.
Questions about your scenario? Call or text me at 480.553.8770 or email kevin@kevinbrierton.com.
Kevin Brierton | Branch Manager, SVP | NMLS #599873
Certified Mortgage Planning Specialist (CMPS)
Luminate Bank NMLS #1281698
kevinbrierton.com
Subject to credit approval and program guidelines. Equal Housing Lender.
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