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Cash remaining to the borrower after applicable payoffs, financed amounts, fees and closing adjustments.
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Cash remaining to the borrower after applicable payoffs, financed amounts, fees and closing adjustments.
Use related guides, calculators, and magazine features to see how this concept affects real home-equity decisions.
A DSCR cash-out refinance can release a large amount of equity, but it also rewrites the first-lien financing on the property.
Read guide →A pre-closing checklist covering leverage, cash flow, DSCR, rates, fees, reserves, prepayment terms, exit strategy, and intended use of proceeds.
Read feature →A side-by-side look at replacing the first mortgage with a larger loan versus adding a second lien behind it.
Read feature →How DSCR second mortgages can provide additional investor capital while leaving an existing first lien in place.
Read feature →