Use an Investor Loan Quote, Not the Headline Home-Mortgage Average

By Don McClain | Founder & Principal, Medro Advisors. Freddie Mac's November 12 average was 7.11%; its survey describes conventional home-purchase loans. For a non-owner-occupied rental, request terms for the actual investor product before revising debt-service coverage. Put qualifying rent, permitted expense assumptions, quoted payment and reserve requirement on the same dated worksheet. Recalculate only when the relevant input changes, and identify who supplied it. A headline average does not establish DSCR pricing or eligibility. Discuss investor-financing preparation with America's Loan Source.

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