@Kevin SobiloEach month the Department is required by State law to compute and announce the ceiling rate on residential mortgages in this Commonwealth.

If you want to move to a cheaper area do that, find a job there and do the house hack strategy

This may border on mortgage fraud though if she gets a conventional loan knowing she intends to just hand you the title.What about a private lender that won’t make you sign personally?

-house hack or rent out your vacant units out to lower your monthly mortgage payment.

I actively worked to pay down the mortgage so i could stop wasting money on PMI.

Perhaps slightly higher from an alternative lender but definitely not from a credit union and expect much higher fees.Two were Managers in the Mortgage division and the other was a Loan Officer.

Some call a line of credit a bridge but its not its a open end mortgage and the lien is in second position.If you have any questions or want more info on the above types of scenarios feel free to reach out or send me an email.What you want in this current market is a cash out refinance unless you are trying to sell a primary or vacation home.

(If we see mortgage rates below 5% again, I might reconsider). 

Downsize rent when you can and maybe even consider moving somewhere cheaper.

Keep in mind that many of these cheap homes are selling for less than a third of their insurance replacement value, which really means that the land has negative value - let that sink in.Most buyers who can actually qualify for a mortgage will get a PA for $200-300k and desperately want to upgrade their life.