You can also structure the loan to give you a little extra cash flow in the first couple of years.

The loan amount is $220000, and the estimated Zillow price for the home is $600k.

Consider factors like neighborhood, school districts, and proximity to amenities.Financing and Mortgage Considerations:Investment Property Mortgage: Understand that an investment property mortgage may have higher interest rates and require a larger down payment compared to a primary residence mortgage.Future Refinance: Consider the possibility of refinancing the property when you decide to move in, potentially lowering your interest rate and monthly payments.Loan Types: Look into loan types that might offer favorable terms for investment properties, such as conventional loans or FHA loans if the property meets the criteria.Rental Management:Long-Term vs.

If you haven't done so already, do a deep dive into what 1BR vs 2BR rents are for properties of a similar size, in the same neighborhood, and with similar interior finishes to yours, and this will help better inform whether or not the investment makes financial sense.Investment Horizon. 

Also some states do not allow you to seller finance if you have an existing mortgage - others require the sales price to be above the existing loan and cannot mature before the existing loan.Definitely need to get an attorney involved who handles state compliance

I do not want to change the loan terms, only the % interest rates. 

If there is an existing mortgage in your name it should be disclosed that your name will stay on the loan for possibly a very long time. 

The line will be over $500k so most banks process it similar to a regular home loan.  

I accepted a conventional loan.

(Because they are another woman demanding attention/time/things from the hubbies, which the wives don't like)So good on you for using a lady loan originator!