So, the payment will be higher than a 30 year mortgage. 3.

It's a riskier loan given you do not carry a social security, no US credit & no experience.Due to increased risk comes mitigation (Lower LTV & Higher Rates)

You will receive the security deposit in Checking but then transfer it to Savings.Savings: Hold the deposit here so it's separate from operating funds.

This reduces your housing payment and helps you build equity. 

I completely agree with @Ashish Acharya's points about the cost-effectiveness of a HELOC and the potential credit implications if it’s secured by your primary residence.

You’re probably selling securities so I’d check the SEC, etc etc. 

.: The applicant needs a social security number or an individual tax ID number (ITIN).

At the end of the day, cash flow was similar because I now had mortgage payments. 

In the lease it states that a security deposit of 1 months rent was collected. 

Purchase price: $187,000 Cash invested: $15,000 Sale price: $259,000 I got tired of moving place to place and worrying about finding roommate, security deposits and not having enough money to deal with maintaining someone elses home.