Products · Second liens & HELOC
A closed-end second with a DSCR qualifying option
A closed-end second behind a first we do not have to hold, qualified on the property's coverage rather than on the borrower's income. For the investor sitting on equity and a first at three percent.
Refinancing that first to take equity out would cost more than the second does. This is the arithmetic worth showing the borrower.
Program highlights
Figures are the programme maximum at a glance. A file rarely qualifies at the maximum on two axes at once, and the guideline in force on the lock date governs. Nothing here is a commitment to lend.
Questions
No. It can sit behind any first, which is the point — the borrower keeps a low first-lien rate instead of refinancing it away.
An appraisal is required. Where the loan amount and CLTV are conservative, a drive-by or hybrid product may be accepted; the desk will tell you at registration.
It's easy with Linkhome Lending. Start today!
