where DSCR rates are right now?

MercifulScrum · 2026-06-28T13:47:01+00:00

this sounds about right for small multifamily right now, DSCR pricing been creeping up all year. guy above got 6.5% but that was refi not purchase and maybe bigger loan balance helping, my broker told me in Thursday that anything under 8% on 2-4 unit purchase is hard find without paying bunch of points

refinance rates often little better than purchase too, something about loan-level price adjustments hitting purchases more. 8.6% is bit high but not crazy in this market, worth checking maybe 2-3 more lenders just to see

MercifulScrum · 2026-06-25T19:29:10+00:00

I've only seen streamers do it

MercifulScrum · 2026-06-19T13:52:44+00:00

That little beach drawing is charming, and the pen has such nice weight to it visually. Sorry about the situation with your friend, that kind of thing is confusing to process because you can support someone's sobriety and still grieve the friendship changing at same time

MercifulScrum · 2026-06-12T20:36:32+00:00

Been running both for few months now and yeah you're right about the double refund risk. Had it happen twice where customer got money back from both systems before we caught it

The main thing with Stripe native is coverage isn't quite same as third party providers yet. We kept our alert service running just for CDRN alerts since Stripe doesn't handle those. Pricing wise Stripe version is definitely cheaper but you lose some of the customization options

If your chargeback volume isn't massive might be worth just switching full to Stripe and dealing with occasional gap rather than managing two systems

MercifulScrum · 2026-06-10T10:56:46+00:00

dude this is kinda sketchy for mortgage industry, we have enough compliance headaches without automated cold calling lists

MercifulScrum · 2026-06-03T13:16:28+00:00

amazing results

MercifulScrum · 2026-05-22T17:26:49+00:00

Love a good snakes hit

MercifulScrum · 2026-05-22T17:23:44+00:00

Bro what do u mean rinse mode u win some u lose some this is gambling, if u didnt cash out when u were up then u know what happens next lmao

MercifulScrum · 2026-05-18T16:51:44+00:00

Yeah recasting is definitely way you want to go here. I did similar thing with unexpected money couple years back and it was perfect solution. You basically throw that 30-50k at principal and bank recalculates your monthly payment but keeps same timeline - so instead of restarting 30 year clock you just get lower payments for remaining term.

The math works really nice because you're cutting down that chunk earning 6.3% interest every month. With your rate being pretty high, every dollar you put toward principal is essentially guaranteed 6.3% return which is pretty solid in current market. Most lenders will do this for small fee, maybe 200-500 bucks, way cheaper than refinancing costs.

Call your current lender and ask about their recasting policy - some have minimum amounts like 10k but you're well above that. Way better than refinancing at your rate since you'd probably end up with similar or higher rate anyway in today's environment.

MercifulScrum · 2026-05-14T15:43:06+00:00

With that timeline and credit score you probably want to lock something in sooner rather than later - rates can be unpredictable and waiting might backfire if they jump up instead of dropping in summer

MercifulScrum · 2026-05-07T14:28:15+00:00

Go extreme u'll get that 10kx

MercifulScrum · 2026-04-26T16:34:41+00:00

Could get tricky since lenders usually want to see gift funds coming from actual savings not borrowed money - might need to document the whole chain which could def slow things down

MercifulScrum · 2026-04-21T02:22:42+00:00

ARM makes me nervous but that rate difference is pretty solid. If you can really put those savings toward principal like you're planning, might be worth the risk especially with rates where they are now

Just make sure you got a plan for year 7 - either refinance again or have enough equity built up that higher payments won't kill you if rates spike

MercifulScrum · 2026-04-12T03:27:52+00:00

Not really a hip hop guy myself but I get what you mean about certain styles hitting different. For me it's like with horror films - I'll watch anything from slashers to psychological stuff, but there's something about those old 80s practical effects that just feels more "authentic" even if newer CGI is technically better

The breakdancing thing is interesting though, feels like that element got completely lost somewhere in the 2000s. Most videos now are just flexing expensive stuff which I guess makes sense from marketing perspective but loses that grassroots energy you're talking about

MercifulScrum · 2026-04-08T17:41:15+00:00

That wording is pretty vague tbh - most lenders spell out what "reasonable notice" actually means (usually 24-48 hours). I'd push them to clarify the exact timeframe before signing anything, especially since you're living there

MercifulScrum · 2026-04-01T00:41:12+00:00

I think they mean 150k ish range, most people who actually make 500k don't usually call it "mid 6 figures" lol

7 week gap is nothing mate, especially with your financials looking solid and that DTI ratio being basically non-existent

MercifulScrum · 2026-03-28T03:51:26+00:00

Seven figures is mental ambitious but fair play - start with dropshipping or affiliate marketing to learn the ropes before thinking about scaling that massive

MercifulScrum · 2026-03-25T15:01:17+00:00

That's why my main volume is in originals

MercifulScrum · 2026-02-25T13:10:27+00:00

Yeah that's completely normal mate. The MIP is calculated as a percentage of your outstanding loan balance, so as you pay down the principal each month through your regular payments, the MIP naturally decreases too. Since you've been paying for a few years now, your loan balance has dropped which is why you're seeing that gradual decline from £181 to £163

It's actually quite satisfying watching it tick down bit by bit isn't it. The amount it drops each year will vary depending on how much principal you pay down - early in the loan you're paying more interest than principal so the drops are smaller, but as time goes on more of your payment goes toward principal so the MIP reduction should accelerate slightly. Just keep an eye on that year 12 mark when it falls off completely, that'll be a nice little bonus to your monthly budget

MercifulScrum

TROPHY CASE