Loan FAQ Library — Loan Information & Free Consulting Hub

Loan basics

What is APR and how is it different from interest rate?

Interest Rate is the cost of borrowing the principal loan amount. APR (Annual Percentage Rate) includes the interest rate PLUS additional fees (origination fees, mortgage points, m...

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Commercial

What is DSCR and how does it apply to loans?

Debt Service Coverage Ratio (DSCR) measures whether a property generates enough income to cover its loan payments.Formula: DSCR = Net Operating Income (NOI) ÷ Annual Debt Serv...

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Residential

FHA loan vs. Conventional loan - which is better?

The best choice depends on your situation:FactorFHAConventionalMin. Credit Score580 (500 with 10% down)620Min. Down Payment3.5%3%Mortgage InsuranceRequired for life of loan (if <...

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