Two of the mortgages on my rentals are ARMs and will be resetting in a few years.

ie is it an ARM, does it have a balloon payment, prepayment penalty, interest rate, amortization period, is there a second mortgage... etc.

My broker is telling me I might be able to get into a 7 year arm..so yes, that is of concern.

Safety in numbers.Good Luck!

I'm not a pro by any imagination, so take my post how you will.I'm assuming you're using an interest-only ARM HELOC.

Forgot to mention, it may be a better approach, since this is an investment property and she in fact has other business concerns, to look at the property as a tax loss rather than potentially taking a huge financial loss.Of course, I am not sure of the situation and it sounds like she may have an option arm or negative amortization loan which might render any long-term strategy pointless.

I have found its pretty common in my Jeep club, everyone welcomes everyone else with open arms.

This is the failsafe for default risk and there is a high margin of safety with partials which makes the analysis of the investment much easier.

Use amortization schedule --even include tax and insurance escrow in monthly payment -- there are many Title Companies --act as Escrow agent -- Hope it helps --but confusing ....Hardest part is to find Motivated Seller -- who is willing to do Seller Financing and understands how it works --some times he may know more than you -- he may have checked around for his safety --

Hi Jasmine,The bank that I use has the following requirements:-80% LTV-No seasoning requirements-No more than 3 investor loans-Good income and credit-7 years ARM amortized over 30 yearsCouple of great things about this particular lender that I use is 80% LTV and No seasoning requirement.