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Short Term Loan Program Form

Short Term Loan Program Form

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Instructions and help about Short Term Loan Program

Hey everybody John Doan here from Equinox Home  Financing. Today I want to talk to you about loans   that are available for STR's. STR's are short-term  rentals. We all know traditionally that if you  buy a home and decide to rent the property out, you  can do that as a long-term rental, that's somebody   who would sign a 12-month lease or longer and  what we're talking about today are loans made   specifically for vacation homes. Advantages  of getting a short-term rental is that A. You could stay in it when you want to and then you  could book it out for the rest of the year B. It makes a lot of high income so with these types  of loans that are out there you can get a debt   service coverage ratio loan, you could use your  income documentation to get qualified for a loan. There are a lot of different types of programs out  there that can be used for a short-term rental and   that's what we're going to talk about tod

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