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

Given my circumstances, asking any of their family members to co-sign on a mortgage loan feels like a tough ask, as I wouldn’t want to place that kind of pressure on someone.

Last year one of our lenders would not lend to new customers or customers who have never did a commercial loan with them.  

I have a bank locally that will use DOT as collateral for loans.

A $240k loan amount on a $249k purchase price seems crazy and I'd never expect to produce any net positive cash flow doing this.How are you calculating your property taxes?

Here’s how I’m currently thinking about it:The interest rate on my existing property is 3.5%, so I’d like to maintain that rate rather than refinancing the entire loan.

Also there is no restriction on acquiring conventional loan on primary residence even if you have maxed out on conventional loan for rentals.

We set a record for our Team, serving 82 families and funding over $32 million in loans this year.We ranked in the top 5% of loan officers/teams in the entire Nation and top 3% in the State of Oregon!!

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Want to get a loan for $250k in AZ