“Introduction of a new China central bank-type tool requiring banks to set aside cash with the Reserve Bank of India for some foreign exchange transactions”
♫
Said on The Core Report
“You actually have to put in three months of reserves, and that's what the debt service is paid from.”
Jason Williams · Ironclad Underwriting Podcast · Why Monthly Cash Flow Matters More Than Annual Averages
Play from 5:21
5:21
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What was described
Requires lenders to set aside three months of reserves to cover debt service after a refinance
three months of reserves
Said nearby on the same subject
“I typically do either three or six months of operating expenses and debt service.”
JW
Jason Williams
Ironclad Underwriting Podcast ·
“I want you to take a percentage of your profits each month… 5%, 10%, 15%, whatever, and set that aside for business retained earnings”
DR
Dave Ramsey
The Ramsey Show ·
“We actually pushed it further… got the level of pre-sale requirement… down to 20 percent of the debt cover… that was new ground”
♫
Said on The Deal with Adam Di Marco
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