Mortgage Guides
How do bank statement loans work for self-employed borrowers?
Bank statement loans qualify self-employed borrowers on 12 or 24 months of deposits minus an expense factor, not tax returns. See the math, rules and documents.
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What do you need to qualify for a DSCR loan?
Many DSCR lenders look for a 620 to 680 credit score, 15% to 25% down, a DSCR near 1.00 and 3 to 6 months of reserves, on investment rental property only.
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What do you need to qualify for a HELOC?
Most HELOC lenders want 10-20% equity left after the line, a credit score of 640 or higher, DTI near 45-50% and verified income. Here are the common norms.
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HELOC vs home equity loan vs cash-out refinance
A HELOC or home equity loan keeps your first mortgage in place, while a cash-out refinance replaces it. Compare rates, costs, CLTV caps and tax rules.
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What is the difference between a home equity investment and a HELOC?
A HELOC is a credit line you repay monthly with interest. A home equity investment gives cash for a share of your home's future value, settled in one payment.
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How is DSCR calculated for a rental property loan?
DSCR is gross monthly rent divided by the full PITIA payment. See the formula, a worked example at 3 rent levels, common lender thresholds and how to raise it.
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