The Mortgage Motivation Podcast
Welcome to The Mortgage Motivation Podcast, the podcast that breaks down the complexities of home loans into real talk. I’m Gary A. Taylor, CEO and Broker-Owner of Affluent Mortgage LLC, with over a decade of experience helping people navigate the world of homeownership.
Whether you’re buying your first home, refinancing, or building your real estate empire, this podcast is your guide to understanding the ins and outs of the mortgage process. From exploring loan programs and market trends to mastering strategies and building the right mindset, we’ll cover it all—minus the boring banker talk.
Home loans might not sound thrilling, but trust me, the keys to your dream home are worth it. Tune in for tips, insights, and straightforward advice to help you make smart, confident decisions.
This is YOUR time to own it. Let’s unlock the doors to your future together.
Gary
The Mortgage Motivation Podcast
Episode 34: No Income No Ratios INVESTMENT Loan: Lets talk about the DSCR Loan for 2024
A Debt Service Coverage Ratio (DSCR) loan is a type of Non-Qualified Mortgage (Non-QM) designed for real estate investors. It focuses on the property's cash flow rather than the borrower's personal income to qualify for the loan. The DSCR is a ratio that compares the property's annual gross rental income to its annual mortgage debt, providing a measure of the property's ability to cover its debt obligations. If you want to build your Real Estate Investment Portfolio without dealing with the headaches of a lender evaluating your Personal/Business taxes, P&Ls, W2s and paystubs. The DSCR might be the answer, lets break this loan down.
7 Highlights of the Debt Service Coverage Ratio Loan/Cash Flowing Property
1. Can be used to Purchase and Refinance
2. No Income and No Ratios
3. Can be used for 1-4 units and 5-8 Units **** Possibly up to 12 units
4. Investment Properties ONLY
5. 20-25% Down Payment
6. What LLC Documents will be required
7. Use the BRRRR Method, great for your exit strategy (Refi out of your Hard Money Loan)
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Gary Taylor | Co-Founder | Mortgage Broker
Affluent Mortgage LLC
D:302-469-0709
gary@affluentmtg.com
www.affluentmtg.com