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How DSCR Loans Work in Michigan
Lenders focus on the rental income the property can generate compared to the amount owed on the loan. This calculation is called the Debt-Service Coverage Ratio, or DSCR.
DSCR = Net Operating Income ÷ Loan Payment
If the property earns enough to cover the loan payments, it is often considered a good investment risk. A DSCR above 1.0 shows that the property generates more income than it costs to finance.
Why DSCR Loans Are Ideal in North Carolina
North Carolina continues to draw attention from serious investors. Cities like Raleigh, Charlotte, Durham, and Greensboro grow year after year. New construction, expanding job markets, and steady population gains shape a strong foundation for rental demand.
Local housing needs stay high due to:
- Students attending major universities such as UNC, Duke, and NC State.
- Tech and finance professionals are relocating for work.
- Healthcare workers supporting large hospital systems.
DSCR loans in North Carolina are ideal for investors who want to tap into this high-demand, high-growth market without traditional income hurdles. The conditions are right. The demand is real. North Carolina gives investors a solid path to build long-term returns.
A fix and flip loan is a short-term loan used to purchase cheaper properties, renovate (fix) them and sell (flip) them at a higher rate than the buying cost to get the profit. House flipping is a good option of investment that involves purchasing inexpensive houses and selling them after renovation to get a good amount. Thinking about becoming an investor in California? Consider fix & flip.
If you considering getting a traditional loan, the lender or bank will deeply evaluate your credit history, which is an extensive and time taking process. You may also be disqualified from the conventional loan if you have a low credit score. Fix and flip rehab loans will save you from a long documentation process. Saving time means also saving money and energy.
In-Person at LA Office
1810 W Burbank Blvd #150, Burbank, CA 91506
Cell-phone
M-F 10 AM-5 PM (PST)
On-line
Simply e-mail or use online-chat
In-Person at LA Office
1810 W Burbank Blvd #150, Burbank, CA 91506
Cell-phone
M-F 10 AM-5 PM (PST)
On-line
Simply e-mail or use online-chat
In-Person at LA Office
1810 W Burbank Blvd #150, Burbank, CA 91506
Cell-phone
M-F 10 AM-5 PM (PST)
On-line
Simply e-mail or use online-chat
Why Paying Off Your Mortgage Early is a Smart Move
Paying off your mortgage ahead of schedule comes with incredible benefits. Imagine a life free from monthly mortgage payments—more financial freedom to travel, invest in your children’s future, or explore new opportunities without the weight of debt holding you back.
If you’ve financed your home with a mortgage, there’s a good chance you’ll eventually want to own it outright as soon as possible. Paying off your loan early gives you full ownership of your home and saves you thousands in interest over time.
Who Qualifies for an Airbnb Loan?
Airbnb mortgage lenders understand that not every borrower fits the traditional mold and that’s a good thing. While each lender may have slightly different guidelines, most will look at a few key factors:
Frequently Asked Questions (FAQ)
What are the benefits of working with a local mortgage broker versus a bank?
A mortgage broker isn’t tied to a specific lender, meaning they can shop around and find the best rates and loan programs for you. Banks, on the other hand, only offer their own loan products, which may not always be the best fit for your needs.
Do you charge any upfront fees?
No! We don’t charge any upfront fees. You only pay us when your loan is successfully funded.
Can I get a loan if my property is titled under an LLC or a Trust?
Yes! As long as your property has sufficient equity, we can provide loan options for LLCs, LPs, Trusts, corporations, partnerships, and individuals.
How does my credit score affect my loan eligibility?
Your credit score plays a key role in determining your loan approval and interest rate. A higher credit score can help you secure lower rates and better terms, potentially saving you thousands over the life of your loan.
How long does the loan process take?
The timeline varies based on the type and size of your property. Contact us, and we’ll provide an estimate tailored to your situation.
What if I don’t know the current value of my property?
You’ll need an appraisal report. A licensed appraiser will compare your property to similar homes in the area and adjust for differences to determine its fair market value.
Can I use a co-borrower to qualify for a loan?
Yes! A co-borrower can help improve your debt-to-income ratio or contribute additional funds for a down payment. However, if one person has a significantly higher credit score, they may want to apply individually to secure better loan terms.
How can I apply for a loan?
If I pay off my loan before it's due, do I have to pay the penalty?
Is my credit score too low to get a mortgage?
How can I know my FICO?
Have Questions? We Have the Answers!
Please don't hesitate to contact us. We are a friendly, Los Angeles-based mortgage broker company here for YOU!
In-Person at LA Office
1810 W Burbank Blvd #150, Burbank, CA 91506
Cell-phone
M-F 10 AM-5 PM (PST)
On-line
Simply e-mail or use online-chat
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