Yea they would keep that in place and you'd get a second position mortgage for the rest at, well, higher than todays rates.

You are likely overpaying by $5,000.Broker fee of $3,000 and Processing Fees of $2,000 seem out of place...but then again, i never used a broker to get a loan so I am not sure about that.If the broker was able to get you an interest rate or loan product that you wouldn't be able to find on the open market...its high, but likely fair.if you are getting a loan product that you could have gotten by going to a normal bank...seems high and unnecessary. 

Huntsville is growing, and families are always going to prioritize good schools.

Rate is a function of price.

We've been able to rent properties pretty quickly, just as long as the rental rate is appropriate!

The combination of families looking for more space, good schools, and a quieter lifestyle has been a big driver of demand.For my investments, I’ve noticed:High tenant quality: Families or professionals relocating to suburbs like Naperville and Wheaton tend to stay longer, which helps with stability.Increased competition: It’s definitely tougher to find good deals, especially in top-tier school districts.

The interest rate on a HELOC or Heloan may be better than the personal loan. 

In 1972 the 30 year mortgage interest rate was 7%.

FHA and Conventional loans will allow schooling to count as work history.

Purchase price: $274,900 Cash invested: $100,000 Brick ranch in Brookwood school district in Georgia.