Mortgage news and helpful tips

Second home vs investment property: how lenders draw the line, why only a rental can use a DSCR loan, a Las Vegas example and Nevada tax rules.

Compare your Closing Disclosure with the latest Loan Estimate. Check fees, cash to close, loan terms, and corrections before signing.

2-1 buydown calculator: price the buydown on your own loan, see the year one and year two savings, and check the total against your seller credit limit.

A no-ratio DSCR loan skips the rent test. What a DSCR below 1 means, a worked Las Vegas example, the fixes and what each costs, and Nevada tax caps.

Temporary vs permanent buydown: the same seller dollars worked both ways, the break-even month, which one helps you qualify, and seller credit limits.

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.