I refinanced it into a  5% 30-year mortgage with a local bank as the seller would only carry the loan for a year.

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

@Madison Sloan All depends on what you're willing to accept and if you can get approved for a loan now or not.

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

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

Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

Most lenders I work with would lend you 70%-75% of the value of the property, but only so much that your NOI/profit is 20%-25% of the monthly loan payment.

You can also see total loan exposure, every loan ever pulled, every property ever owed, every co-signing partner from every project, permits, etc... 

Martin They get a bank loan, but most do not start out in MF, they start out in residential.

Minimum loan amount is $250k.