Mortgage news and helpful tips

A seller-paid buydown or a price reduction: which saves a buyer more? A worked Las Vegas example, seller credit limits, appraisals and Nevada tax rules.

Yes, an FHA loan can carry a 2-1 buydown on a purchase. HUD's rules on the note rate, the 6% seller limit and the buydown escrow, with a worked example.

A multifamily DSCR loan qualifies a 2-4 unit rental on the rent from every unit. How the ratio works, the 5-unit line and a Las Vegas fourplex example.

Can you get a DSCR construction loan? Not for the build itself. How the take-out works, the Nevada tax trap on new builds and a worked example.

How to get a DSCR loan in 7 steps: confirm the rental use, run the rent-to-payment ratio, line up cash and reserves, apply, and clear the appraisal.

Yes, you can refinance a 2-1 buydown. When each loan type allows it, which rate the tests use, and where the unused buydown money goes, in plain words.

Yes, a Las Vegas condo can carry a DSCR loan. How dues sit in PITIA, the hotel test, reserves, lawsuits and the Nevada resale package, in plain words.

How a Kansas rental is taxed, what local mill levies and hail deductibles do to a DSCR ratio, and the state's deposit and eviction rules, worked with Wichita numbers.

DSCR loan in Massachusetts: why a Boston rental loses the seller's residential exemption, plus lead paint, deposit, eviction and short-term rental rules.

DSCR loan in Louisiana: the homestead exemption a rental loses, the insurance line that moves the ratio, New Orleans STR rules and Orleans recording costs.