Use the post-refinance payment
The key DSCR question is whether the property supports the new debt service. If the new payment is higher, DSCR can compress even when the current loan performs well.
- Current payoff
- Estimated value
- New payment
- Updated taxes and insurance
When a refinance can help
A refinance may help investors change terms, stabilize debt, or align financing with the hold strategy. Compare total cost and prepayment terms, not just rate.
Frequently asked questions
Can I use a DSCR loan for rate-and-term refinance?
Some business-purpose DSCR programs may consider rate-and-term refinance scenarios, subject to lender guidelines, property cash flow, collateral, credit profile, reserves, and full review.
What should I prepare before broker review?
Prepare the property address, rent support, operating expenses, requested loan amount, payment assumptions, reserves, loan purpose, entity/title plans, and timing.
Does this page provide a loan approval or quote?
No. Loan Daddy LLC is a mortgage broker, not a lender. This page is educational only and does not provide a loan approval, rate quote, rate lock, or commitment to lend.