If at the time of the call, should I decide (subject to your credit approval) to refinance the outstanding loan balance with you, I understand that the ANNUAL PERCENTAGE RATEshall not exceed my initial ANNUAL PERCENTAGE RATE OF______________ % plus two percent (2%) or the prevailing ANNUAL PERCENTAGE RATEfor this loan type, whichever is lower.

Have rented with a single project pending like a deck but not multiple projects still outstanding.

Every "i" must be dotted and every "t" crossed, but this is what allows you to qualify for a mortgage with such outstanding terms.

Our current home is valued at roughly 485k and our outstanding principal balance is 242k.  

A owns house #1 worth $260K that has a $230K mortgage outstanding.

I also have outstanding offers on 2 more.I have been concentrating on the Cleveland market, but will be exploring some other MF markets in the southern states on a road-trip in a couple of weeks.Looking forward to chatting with all of you!

So if you're buying a duplex that is rented out, the amount you bring to closing will be reduced by the amount of the security deposits.No problem asking questions - I also use the inspection time to ask questions if the tenants are there...I usually ask about outstanding maintenance requests and/or problems they've had and the tenants are almost always more than willing to spill everything they know.Not sure about finding out about moving in/out during the spring...if they move out you could be more selective about who you let in there next spring though (family vs. students).Yes, although I don't personally see a problem with this, I think it's more of a etiquette thing.25% down is what I do...based on this i'm assuming you're doing conventional financing.  

I have already looked in to the property records through the county and it seems  ambiguous to me on how  you can determine liens or outstanding mortgages.

Loans that have negative amortization simply have insufficient payments being required to reduce the outstand principal or interest or both.

I have been looking for MF units that might accelerate the path to our goals, but have not seen any outstanding deals in our local market.