I don't want mortgage payments forever, so I like shorter terms.

When we placed the offer we received a notice from our realtor a few hours later that the bank was looking for our highest and best, we came up some and changed the terms for a quicker closing and shorter time period for inspection.

The shorter the better

In addition, they are also interested in a shorter lease (6 months) because they are not sure how long their current job will last.

Get a reimbursement if sold in a shorter time frame.JonBerks county PA

Shorter term is higher interest. 12-14 seems high.

They will also generally offer shorter amortization periods when lending to an LLC. 

These type of lenders have their products designed for RE-investors, so you see things like higher leverage and shorter seasoning and your personal income is not factored into the underwriting, which typically is a HUGE deal for RE-investors. 

Also the rates are usually adjustable and term shorter than a 30YF.Refi possible advantage if you favor + cash flow rather than being debt free sooner, depends on your equity and amount you're looking to pull out, you might be able to take out the cash you need and still end up with a lower pmt than currently because you're re-upping for a new 30 years. 

Hi Michael,Good advice above on first month's incentives and shorter term lease (Airbnb?)