Credit score is about 760. 25 year term with a 5 year draw period.Option 1 using max line of credit:At the max loan to value of 89.99% the interest rate increases to 11.5% This is prime of 8.5% + 3%.Line of credit amount: $140,000Estimated interest only payment: $1,245.83Estimated full qualifying payment: $1,489.04Option 2Dropping the loan to value to 80% to decrease the rate to 10.5%.

Also, keep in mind that as the value of your property increases, your tax bill will increase as well.4.

This was our first property, and unfortunately when we bought this property we were unaware that our mortgage statement would be subject to change as much as it did ($1200 increase) due to property value and negative escrow, now leaving this property well in the red month to month.

Most lenders, including us, will do the lesser of the purchase price ($1.095M here) or the appraised value as the amount used to calculate the LTV.

I've even had banks say they'll write the deal if I deposit 10% of the loan value back into a money market at their bank.It's a crazy world - 

Conventional How did you add value to the deal?

The long-term adverse impacts if this were ever to come to fruition is the loss of jobs, the loss of tax revenue and decreased property values, all of which Bissen has acknowledged.Some owners are attempting to cash out because they don't want to wait.

Ask as many questions, try to provide whatever value you think you can bring and eventually take the first step forward! 

We can't build as much in the northeast, so as long as there's demand on a Micro scale in the northeast values will hold and young people should be purchasing a long term fixed payment asset. 

Im going to flesh out some of my thinking here and excuse if its convoluted as Im also here trying to figure this out in real time....Here goes...I think the spike of sales prices we saw in 2021 were people who were overpaying and not really reflective of the true value at that moment.