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MacLagan Home Loans - Alex MacLagan

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MacLagan Home Loans - Alex MacLagan

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Your one stop shop for all of you mortgage needs. No matter your situation I can help. Call us today find out more.

We offer FHA, Conventional, VA, and USDA mortgages along with Bank Statement loans, rental property loans and more. Alex MacLagan and his team at MacLagan Home Loans powered by Client Direct Mortgage are your local mortgage experts. We offer the lowest interest rates and make the entire mortgage process simple. We can closer quicker than your average lender and we take great pride in keeping you up to date on how your mortgage is progressing so you don't have to. Whether you are a first time home buyer, buying a house for the fifth time, looking to refinance or have been turned down by a previous lender my team and I are here to help.. Give us a call today and see how easy it is to get started on your mortgage pre-approval or refinance today.

10/23/2026

Thinking about using your rental property’s equity to buy your next investment? 🏘️

Before refinancing, take a closer look at the mortgage you already have.

If you have an attractive rate, an eligible second mortgage may let you access equity while keeping that first loan in place. A cash out refinance replaces it.

And here is a detail worth checking: Not every DSCR HELOC is a second mortgage. Some programs require first lien position.

Our newest guide compares DSCR HELOCs, HELOANs, and cash out refinancing, including:

✅ When you may be able to keep your existing mortgage
✅ How an appraisal affects available equity
✅ Why rental income can limit borrowing capacity
✅ What costs and repayment terms to compare

Read the article, then connect with MacLagan Home Loans to discuss your property and investment goals. Options depend on lender guidelines and qualification.

https://maclaganhomeloans.com/dscr-heloc-vs-cash-out-refinance/

10/23/2026

Should you use a DSCR loan or a conventional loan for your next rental property? 🏘️

Both deserve consideration, but the right fit depends on your situation.

Do you want to close in an LLC?
Does your documented income support conventional financing?
How much cash will remain after closing?
Could you sell or refinance within the next few years?

These questions can matter just as much as the interest rate.

Our newest article explains how Alex compares the options, including reserves, points, income documentation, and prepayment penalties.

Whether you are purchasing your first rental or adding to your portfolio, learn what to review before choosing financing.

Read the comparison:
https://maclaganhomeloans.com/dscr-vs-conventional-investment-property-loans/

Reach out to MacLagan Home Loans to discuss your investment plans. Loan availability and terms depend on borrower, property, and lender requirements.

10/18/2026

Thinking about buying a rental property? 🏡

Your property’s rental income could play a key role in your financing.

We’ve updated our DSCR Loans page to help investors understand this rental property loan option and take the next step.

Whether you’re considering a purchase or refinancing a rental you already own, start here:
https://maclaganhomeloans.com/dscr-loans/?utm_source=facebook&utm_medium=social&utm_campaign=dscr_page_update&utm_content=business_page

Want to talk about a property? Send our page a message with “DSCR,” the property’s location, and whether you’re buying or refinancing. Alex can help you explore your options.

Know someone researching rental property financing? Share this resource with them.

Eligibility and terms vary by lender, borrower, and property.

Alex MacLagan | NMLS #1912744
MacLagan Home Loans

10/18/2026

Do you have equity in a rental property that could help fund your next investment? 🏘️

You may not need to wait six months to explore a cash out refinance.

MacLagan Home Loans works with lenders offering no seasoning cash out refinance DSCR loans for eligible investors. The available loan amount still depends on factors such as the appraisal, rental income, credit, and lender requirements.

Before moving forward, it helps to answer three questions:

✅ How much cash would you actually receive after payoffs and costs?
✅ What would the new payment do to your rental’s cash flow?
✅ Would keeping your current mortgage and adding an eligible HELOC or HELOAN make more sense?

Our new article walks through these decisions and shares an anonymous Chicago four unit appraisal example from Alex’s experience.

Read the guide, then reach out to discuss your property and investment goals:
https://maclaganhomeloans.com/dscr-cash-out-refinance/

10/15/2026

Ready for your next home, but wondering whether you have to sell first? 🏡

You may have options worth exploring.

Depending on your qualifications and the program, those could include:

✅ A bridge loan
✅ A HELOC or home equity loan
✅ A smaller initial down payment with an eligible recast after selling
✅ A program designed to help with the home sale contingency

The key is making sure you can qualify for the new mortgage AND have the funds needed for closing.

Our new guide explains the options, questions to ask, and why it helps to have a backup plan if your current home takes longer to sell.

Read it here:
https://maclaganhomeloans.com/buy-a-house-before-selling-current-home/

Planning a move? Reach out to MacLagan Home Loans to review your financing options before making an offer.

10/13/2026

Thinking about selling or refinancing your rental property? 🏘️

Before you make your move, check your DSCR loan’s prepayment penalty. Depending on your loan terms, both selling and refinancing can trigger a fee during the penalty period.

One question I ask investors is: How long do you expect to keep this loan?

You may plan to keep the property for years but want to refinance much sooner. That is why the penalty deserves attention alongside the interest rate.

My latest guide covers:

✅ Common prepayment penalty types
✅ Examples of potential payoff costs
✅ Shorter penalty periods and no penalty options
✅ Questions to ask before choosing your loan

Read the article:
https://maclaganhomeloans.com/dscr-loan-prepayment-penalties/

Buying or refinancing a rental? Reach out to MacLagan Home Loans to compare financing around your investment plans.

10/09/2026

Could $100 a month change your rental property's DSCR? 🏘️

In the right situation, yes.

Here is a hypothetical example:

✅ $2,400 in qualifying monthly rent
✅ $2,500 in qualifying monthly payments
✅ Starting DSCR: 0.96

If shopping for lender acceptable insurance saves $100 per month, with all other figures unchanged, that payment drops to $2,400 and DSCR reaches 1.00.

But insurance is only one piece. Assuming higher market rents will replace an existing tenant's rent can also lead to surprises. The lender's program rules determine which rent figure qualifies.

Our newest blog explains the calculation, common mistakes, and options to discuss when the numbers fall short.

Read it here:
https://maclaganhomeloans.com/how-to-calculate-dscr-rental-property/

Considering a rental property purchase or refinance? Message MacLagan Home Loans to review your financing options.

Examples are hypothetical. A 1.00 DSCR does not guarantee approval or positive cash flow.

10/07/2026

Own a business and thinking about buying a home? 🏡
You might have more mortgage options than you think.

Being self employed does not automatically rule out FHA or conventional financing. And while a bank statement loan can help in certain situations, the lender does not necessarily count every dollar deposited as income.

Our newest blog compares self employed mortgage options for:
✅ FHA loans
✅ Conventional loans
✅ Bank statement loans

Learn how business deductions, credit, closing costs, and mortgage insurance can affect which option fits your goals.

Read the guide:
https://maclaganhomeloans.com/fha-vs-conventional-vs-bank-statement-loans/

Have questions about your options? Send MacLagan Home Loans a message. Alex can help you understand what to review before you start house hunting.

10/06/2026

Your business brings in good money. But how much of it can a mortgage lender use? 🏡

With a bank statement loan, the answer depends on more than your total deposits.

Eligible business revenue, operating expenses, and whether you use 12 or 24 months of statements can all affect your qualifying income.

In our new guide, Alex MacLagan explains the calculation with practical examples, including when a CPA expense letter may help and why a large deposit needs supporting records.

Read it here:
https://maclaganhomeloans.com/bank-statement-loan-income-calculation/

Thinking about buying or refinancing while running your own business? Schedule a free consultation with Alex:
https://link.maclaganhomeloans.com/widget/bookings/free-mortgage-consultation-with-alex

Eligibility and income calculations depend on the lender and program.

Alex MacLagan | NMLS #1912744

10/03/2026

“My business makes good money. Why is my mortgage qualifying income lower?”

This is one of the biggest surprises I see when helping self employed buyers.

Business revenue, taxable profit, and the income a lender can use for your mortgage are different numbers. Tax deductions can affect the calculation, although some eligible expenses may be added back.

In our FHA guide, I explain:

✅ Which documents to gather
✅ How lenders evaluate self employment income
✅ Why your latest filed tax return matters
✅ When to compare FHA, conventional, and bank statement financing

My practical first step? Ask your accountant for a current year to date profit and loss statement before you start house hunting.

Read the guide:
https://maclaganhomeloans.com/self-employed-fha-loan-requirements/

Have a question about buying a home while running your own business? Send MacLagan Home Loans a message. Please keep personal financial documents out of comments and messages.

Alex MacLagan | NMLS #1912744

Address

1015 Deerfield Road, Apt 235
Deerfield, IL
60015

Opening Hours

Monday	9am - 7pm
Tuesday	9am - 7pm
Wednesday	9am - 7pm
Thursday	9am - 7pm
Friday	9am - 7pm
Saturday	9am - 7pm
Sunday	9am - 7pm

Telephone

+18478996882

Website

https://www.maclaganhomeloans.com/

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