I was told by Wagner that the builder is trying to refinance the construction loan as the cost of construction has increased. 

Again, the $600 interest threshold is per loan, not per person.But this was not my money!

I do not have any loans through Flagstar Bank, but I would talk to them prior to moving it into the LLC.

Be sure your lender is comfortable with this, as many fear giving folks primary loans for properties they view as having a high probability of being turned into a purely investment.

Yes, you can “save” interest by paying off a loan faster - SO WHAT?  

Here’s what made a difference for us:🔹 Mortgage Relief – Many lenders offer disaster relief options like payment pauses or loan modifications.

That translates into $208 to $375 per month on a $100,000 loan.

I plan to offer owner financing to others that can't get a loan.

In addition to conventional loans and FHA loans, if either you or your wife are veterans, the VA also has a rehab program.I'd be happy to discuss my rehab experience both as an investor and as a mortgage broker, and at least help you think through your options. 

This way, they get the cash they need without selling and without triggering any taxes since loans aren’t considered taxable income.