#ThursdaysThoughts – Debt Service Coverage Ratio loans (NIVA) and how they work! Today is another edition of Non-Agency tid bits of guidelines as I’ve been doing all week. This loan is POWERFUL! And a great way to source new business with a past client you might have.
What I would do, is look at all your past clients that already own 1 rental property and call them today. See if they considered expanding their portfolio at all to gain a new investment property. With value’s being steady across the Nation and rates rising (gently) this year, NOW’S THE TIME! These loans are great and allow someone to buy a new investment property without a lot of hassle. No income is on the loan. Especially if they live in an area where the rents compared to the PITIA would be more significantly.
I’m here to help you gain clarity, prescreen these “creative” loans and get them done. WITH THE SAME SERVICE you offer your “Agency” clients. In the first month #GetOnPoint at #BluePoint I’ve watched Non-Agency loans gain approvals and get conditions signed off in 24 hours (or less). We truly are a broker’s partner for Non-Agency loans and why I highlighted the 9 different programs we have this week.
Check out BluePoint’s product mix here —-> PRODUCT MIX –
Let’s have your team get on point with #BluePoint too! I’m in the office helping loans get structured daily. Why not you! 🙂
As always – #SellWell