Reply To: [SAMPLE] Comparing financing options for a first investment property

[SAMPLE REPLY – fictional preview, written by the administrator] One thing that often gets missed: reserves. On the $300,000 example, six months of payments including taxes and insurance is roughly $10,000 that should sit in the bank after closing, separate from the down payment. I would also compare total cost, not just the rate: points, lender fees, and prepayment penalties on DSCR products can outweigh a lower headline rate. Talk to more than one lender and ask each for a written loan estimate.