Home equity is the difference between what your house is worth and what you owe on your mortgage.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

The Heloc can also pose as a debt obstacle since its an open end mortgage a.k.a credit card.a mortgage is also set up over 30 years so it offers a lower rate and payment. 

If you are considering buying using Subject To - Subto, it's important to know what your exit strategy is.Talk to a mortgage broker (not a bank) and ask if that is a property you will be able to get financing on in the event you have to refinance quickly, because the Due On Sale clause was called.AndTalk to a real estate agent about how much you would have to bring to closing in the event you had to sell quickly.

The credit Union my primary home mortgage is through keeps all their mortgages on their books so they would probably be more inclined than others to call it.

The thing about condos is the HOA will go up and your mortgage stays the same so you will end up losing by the end of the mortgage. 

Looking for a house we could house hack, had an incredibly low interest rate on mortgage and house has increased in value about 42%, an estimated 180k in equity.

I’m approved for a mortgage and want to house hack but doesn’t feel like the opportunity is there at the moment, but I also know that’s a limiting belief.

Yes, the lender was Premium Mortgage.

Purchase price: $320,000 Currently have a long term renter, the rent pays the mortgage and other expenses but provides no cash flow.