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​Why Cannabis Industry Workers Struggle to Get a Mortgage – and How They Can Take Action

Derek Bissen, February 17 2025

Legal Cannabis jobs offer stable pay and growth potential, yet many employees in the industry struggle to secure a home loan. The disconnect between state-level legalization and federal restrictions creates headaches for these hardworking individuals. Although there are many in-depth reasons, banks and other lenders routinely deny loan...

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Why Do Lenders Deny Mortgages to People Working in the Legal Cannabis Industry?

Derek Bissen, February 13 2025

The legal cannabis industry continues to boom, yet workers in this sector face significant challenges when it comes to getting a mortgage. From frontline dispensary staff to cannabis entrepreneurs, many find themselves denied home loans despite stable, verifiable income. Why? Let's explore the systemic challenges and the solutions that...

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Bad Credit? High Equity? Here’s Why a DSCR Refinance Might Be Your Best Move

Derek Bissen, February 5 2025

If you’re a real estate investor sitting on a goldmine of equity but getting stonewalled by banks because of a low credit score, you’re not alone. Traditional lenders want flawless credit, mountains of paperwork, and a song-and-dance routine just to get you to the closing

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No Ratio DSCR Loans: The Easiest Way to Secure Investment Property Financing

Derek Bissen, February 5 2025

Investing in real estate can be challenging—especially when traditional financing options require extensive income verification. But what if there was a FASTER, EASIER way to acquire properties without worrying about debt service ratios? Enter the No Ratio DSCR loan—an investor-friendly financing option that eliminates income documentation...

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Refinancing with DSCR Loans: How Real Estate Investors Can Unlock Equity & Better Terms

Derek Bissen, January 29 2025

For today's real estate investors, refinancing is a powerful strategy to optimize cash flow, unlock property equity, and secure better loan terms. One of the most effective refinancing tools for investment properties is the Debt Service Coverage Ratio (DSCR) loan. Whether you’re looking to lower your mortgage payment, pull cash out for new...

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What is a DSCR Loan? A Beginner’s Guide for Real Estate Investors

Derek Bissen, January 29 2025

When it comes to financing real estate investments, the options can be overwhelming. One powerful tool that savvy investors are increasingly leveraging is the Debt Service Coverage Ratio (DSCR) loan. But what exactly is a DSCR loan, and why is it becoming a go-to choice for property

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Why No Down Payment DSCR Loans Don’t Exist—And What to Do Instead

Derek Bissen, January 28 2025

When exploring real estate investment financing, you may have come across the idea of "no down payment DSCR loans." While this concept might sound appealing to investors looking to minimize upfront costs, the reality is that such loans don’t exist in the conventional lending market. Here’s why that’s the case, along with strategies to help you...

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Understanding Home Equity and Bank Statement Home Equity Loans

Derek Bissen, August 23 2024

Homeownership comes with a hidden treasure known as home equity, and if you're a self-employed homeowner, you might be wondering how to determine and check your home equity to leverage it for your financial needs. In this article, we'll delve into what you need to know about home equity loans, with a particular focus on bank statement home...

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​It's Back! Get Ahead with the 2024 Florida Hometown Heroes Down Payment Assistance Program

Derek Bissen, May 28 2024

Exciting news for prospective homebuyers in Florida! The Florida Hometown Heroes Down Payment Assistance Program is making it's triumphant return in July 2024. This program has been a game-changer for many, providing crucial financial support for first-time homebuyers, veterans, and active-duty service members. Here's everything you need to...

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Self-Employed and Looking to Buy a Home? Bank Statement vs P&L for Mortgage Loans - What You Need to Know!

Derek Bissen, February 27 2024

If you're steering your own ship in the sea of self-employment and setting your sights on homeownership, you might find the traditional mortgage process doesn't quite fit your sails. While banks and credit unions traditionally turn to tax returns to gauge your borrowing capability, this method may not always showcase the full strength of your...

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