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.

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.

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?

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!!

Is there a loan assumption available?  

Want to get a loan for $250k in AZ

You have a decent loan on the place that you won't be able to replace from a cashflow standpoint.So keep at it. 

You could build a new one every 2-3 years and move into it as a primary so the bank would be more friendly with your loan.

Refi the house so they can continue to live in it, they will get the best loans on their primary residence.

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