Pull Equity From a Rental Property Without Touching Your First Mortgage

A DSCR Closed-End Second Lien lets rental property investors pull equity out as a lump sum based on the property's cash flow, with no personal income verification required and no disruption to the existing first mortgage.
In this video, Michael Hankerson at First Link Mortgage explains how a DSCR Closed-End Second Lien works, who qualifies, and why this program exists for investors whose rental properties have equity but whose personal income would not survive conventional scrutiny. Qualification is based entirely on the property's performance, not the borrower's.
Loan amounts range from $100,000 to $350,000. The minimum FICO score is 700. Maximum combined loan to value is 75 percent. The minimum Debt Service Coverage Ratio is 1.20, meaning the property's rent must exceed the debt payment by that margin. The term is a 20-year fixed. A full appraisal is required. A minimum of two years of experience managing income-producing investment properties is required. This program is available on long-term rental investment properties only in Arizona.
What You'll Learn:
• How this program pulls equity from a rental property as a lump sum without touching the first mortgage
• Why qualification is based on the property's cash flow, not personal income
• Loan amounts available from $100,000 to $350,000
• Minimum FICO score of 700 and maximum combined loan to value of 75 percent
• What a minimum DSCR of 1.20 means and why the rent must exceed the debt payment by that margin
• Why a 20-year fixed term and full appraisal are required
• The two-year investment property management experience requirement
• Why this program is limited to long-term rental investment properties only
• Who this works best for: rental property investors who want equity access without selling
Call or text Michael Hankerson directly at 602-770-7205 if you want more information.
Michael Hankerson | NMLS# 2664119 Mortgage Broker | First Link Mortgage | NMLS# 2527988 | Branch ID 2565384 Not a commitment to lend. Not all borrowers will qualify. Equal Housing Opportunity.
#HankersonTeam #ArizonaRealEstate #RealEstateInvesting
To see all our Cash Out Loan Products, Please visit our website: https://newhomes-az.com/seven-ways-to-access-the-equity-in-your-home/

Видео Pull Equity From a Rental Property Without Touching Your First Mortgage канала Paradise Valley & Scottsdale Luxury Lifestyle