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Hello Sal,
I am contacting you because you have a current Hard Money loan and want to see if you would like to get out of it.
If you are planning to keep it as rental property I am of service in converting it to DSCR loan and we can get you into a fixed rate.
DSCR loan interest rates generally range from 6.5% to 9%, depending on your specific circumstances.
A DSCR loan is for rental properties specifically. As long as the rent you collect is the same or higher than the total monthly payment for the mortgage we are good.
I will not ask for any of your income documentation.
We can get you into a 30 year fixed loan if you have good credit and enough equity in the home.
All I need usually is your ID, credit report, lease agreement, 2 months of bank statements, mortgage statement, and insurance info for the property.
If you are currently in a Hard Money loan I am thinking it is around 12% so this is a great option depending on how much you owe.
Let me know how I can assist. Email, call or you can apply online on this link https://dreamhomefunder.com/apply-online/
Thanks your your time.
Have a great day. I hope to hear from you soon.
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