If there is a pre-pay penalty you want ti gone by year 5.Lot's of crap loans out there that lenders want to sell but I do not want them.

@Nina Ricci Be sure your lender does their homework BEFORE giving you a pre-approval.There are still some who give out pre-approval letters that aren't worth the paper they're written on.At a minimum, your lender should have you submit bank statements, W2s, tax returns and pay stubs. 

This is assuming $154,900 is Purchase price, 3.5% ($5,421.50) down payment,  $149,478.50 FHA loan amount, 3.5% APR/30 years,   $671.23 P&I and $62.28 PMI.Obviously you need to get more accurate information.  

I love to ski, hike, climb and adventure.

Thus, under the provision, an individual may not claim an itemized deduction in 2017 on a pre-payment of income tax for a future taxable year in order to avoid the dollar limitation applicable for taxable years beginning after 2017."

I currently have a pre-foreclosure property under contract that is scheduled to go to auction in 2 weeks.  

And what about when you have a deal under contract and a pre-approval by a financial institution, when about 2-3 weeks in, the underwriters at the bank report they cannot fund the deal for whatever reason?  

I approached my local banker and they offered me 80% LTV and 5.5 % Apr with a 1.99 intro rate, on the equity I had in my home and 75% LTV on my other property.

Do you have a pre-screening question list? 

If you get in front of your skis by leveraging yourself based on the value of that equity, how is that any different than the equity being "dead" in your property?