Easily Qualify For Any Purchase

The Wisdom, Lifestyle, Money, Show

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In this episode, Scott Dillingham explains how investors can qualify for mortgages based on property cash flow rather than personal income through Debt Coverage Ratio (DCR) and Debt Service Coverage Ratio (DSCR) programs in Canada and the USA, providing alternatives to traditional qualification methods.

Key Timestamps:
[0:00] Traditional Qualification
- Income requirements
- Property limits
- Equity lending issues

[4:30] DCR/DSCR Programs
- Cash flow qualification
- Stress test differences
- Property eligibility

[8:45] Market Differences
- Canadian vs U.S. LTVs
- Mixed-use considerations
- Fee structures

[12:30] Program Benefits
- Interest-only options
- Extended amortization
- Portfolio expansion

[16:45] Qualification Process
- Required documentation
- Expense calculations
- Approval criteria

Key Points:
1. Program Features
- Property-based qualification
- No income requirements
- Unlimited portfolio potential
- Mixed-use property options

2. Market Differences
- Canadian 80% LTV maximum
- U.S. 75% purchase/65% refinance
- Different fee structures
- Interest-only availability

3. Cash Flow Requirements
- Rent calculation variations
- Expense considerations
- LTV adjustments
- Rate implications

Contact Information:
Book strategy call

Important Tips:
- Compare market options
- Consider amortization lengths
- Review fee structures
- Calculate cash flow accurately
- Plan refinance strategy

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챕터

1. Introduction to the Wisdom Lifestyle Money Show (00:00:00)

2. Understanding Mortgage Qualification (00:00:44)

3. Equity Lending and Private Mortgages (00:01:26)

4. Debt Coverage Ratio (DCR) and Debt Service Coverage Ratio (DSCR) (00:02:36)

5. Commercial vs. Residential Lending (00:02:48)

6. Loan to Value (LTV) Differences Between Canada and the USA (00:04:28)

7. Navigating the DSCR Program in the USA (00:05:32)

8. Cashflow and Loan Underwriting (00:07:58)

9. Running the Numbers and Unlimited Lending (00:09:15)

10. Conclusion and Call to Action (00:11:19)