In your experience, did you leverage debt services expense (aka mortgage expenses) in your application?

Suck it Austin :) (CNBC).Today’s Interest Rate: 7.39%(👇 .11% from this time last week, 30-yr mortgage)Interest Rates are Higher, It’s Been LongerI hear constantly on the news (@CNBC @CNN @FOXNEWS etc…..)

She mentioned buying a place closer to where she lives now and using the money as a 40% down payment-so it would be more expensive and she would have a mortgage.

My downstairs tenant pays most of my mortgage while I live basically rent free.

Our plan is to buy the first home in cash, likely $550k-$650k, operate it under management for 3-6 months, then refi to pull out what we feel the property can support for a mortgage so we do not end up upside down. 

Don't pay your mortgage, lender will likely take your house.So I expect while there is a lot of talk about tax sales, in the end they have to continue.   

To move someone out because they are having a hard time does not make good business sense, unless, you have the proper information.

The response was that they paid a guru to teach them how to do 100%, 2nd mortgage financing to real estate investors for purchases and down payments.

Should I pursue a commercial mortgage on the third property or pull equity out of the second property that I own free and clear?

My goal: create an interest-free loan which is appealing to a potential homebuyer, yet doesn't make too big of a discount on my end.For example: If I sold my $300,000 house with 20% down ($60,000) over 30 years, at 6.7% interest rate: $1548.67 principal and interest per month1548.67 x 12 x 30 = $557,521.20What I would do would offer a lower monthly payment and no usury, but it would effectively be like a prepayment penalty.Arbitrarily, let's say 20% off the monthly payment, or $309.73 less per month: $1238.94 monthly payment.House would be sold at $446,018.40, which is $111,502.8 less than the total paid with a normal mortgage, but $116,018 more than the market price.