What is Escrow?
In the process of escrow, assets (money, funds, and securities) are held by a third party on behalf of two other parties prior to the completion of a transaction.
What is DSCR?
DSCR, or debt service coverage ratio, is a metric used by lenders to determine the risk of providing a loan on an income-generating property.
What is a Default?
A default is a failure to comply with mortgage terms, make payments, or perform other obligations stated in the mortgage.