
The RICO: A New Mortgage Program that Qualifies Borrowers Based on Rental Income
The RICO Global Mortgage Group launched “The RICO” (Rental Income, COverage) program, which uses the borrower’s capacity to service or repay the yearly debt payment to the amount of net operating income (NOI) generated by the property. Simply put, if the current or projected rental income covers its mortgage payments and other costs – you…