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Understanding Debt Service Coverage Ratio (DSCR)

Understanding Debt Service Coverage Ratio (DSCR)

DSCR = NOI/Total Debt Service A common misunderstanding made by borrowers when researching and applying for a commercial mortgage loan is how they calculate Net Operating Income (NOI).  Many borrowers do not realize that commercial lenders use actual expenses plus anticipated holdbacks (i.e. vacancy rate, repairs and maintenance, management, etc.)  Holdbacks can also be thought […]

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Mortgage Borrowers Receiving Faulty Loan Disclosures

Mortgage Borrowers Receiving Faulty Loan Disclosures

Flawed redesign of HUD-1 disclosure ignores variable rate limits; Each month, 30,000 new borrowers receiving incorrect loan information. Up to seven percent of all mortgage borrowers – and nearly all borrowers of adjustable rate mortgages – are receiving faulty loan information. According to a national mortgage software firm, this is the result of a flawed […]

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