@Sumit KaulCheck with the builder to see if they offer incentives to buy your interest rate down. 

How much is the interest rate on your current home? 

A good professional can often pay for themselves by increasing your rent rates, reducing vacancies, or protecting you from bad renters.

I don't know a lot about Toledo but generally speaking with rates having skyrocketing and prices still creeping up, it makes it very difficult to cashflow on a rental if you use debt.

At competitive market rates now and still have original tenants.

We've been in the business for 31 years and have the highest client satisfaction ratings.

That being said, with current prices and interest rates, it may be the best path forward for some looking to buy a home or investment property. 

Depending on the interest rate and loan amount (eg $330K at 6.5% after 7 years you'd have paid about $40K off the principal and $120K in interest).

They might allow for a no seasoning rate and term refinance, but that would have you bringing your closing costs and and lender fees to the table.

.: Subject To and Wraps are very similar and yet, very different.Subject To & Wraps share these characteristics You are taking over payment of the mortgage and transferring the property into your name You become the owner The loan does not get paid off The lender can and sometimes will call the Due on Sale You have to have money or credit to solve a Due on Sale call They are used when someone doesn’t have much equity and doesn’t want to pay a real estate agent They are used when the seller wants to sell fast They are used when the property isn’t really a good candidate for the MLS because of the condition of the property They are used when It’s a unique property and it’s hard to find comps They are used when it’s a distressed situation that needs to be resolved They are used when the monthly payment is below market rate (that means it cash flows) They are used when the seller wants to avoid the hassles of listingSubject To & Wraps Differences In a Subject To, NO new mortgage is created.