Most banks and mortgage companies have free nifty slide-rule type things that include variables such as salary, different types of loans, rates, etc.

Each subsequent post does not follow from where the previous one left off.

Hi all, I'm looking at a Subject To deal at the moment in TX and one question I have is whether or not you typically need to change the home insurance policy when the property is subsequently occupied by someone who has a rental agreement and lease option.

I'm with Tim on this one, in theory yes the property appreciates and you can refinance, but what if property values start to slide like we are seeing right now is the us?

Don't buy to hold in a neighborhood that is sliding into slumhood.Do people with incomes want to live in that neighborhood?

`(k) Equity and Appreciation- `(1) FIVE-YEAR PHASE-IN FOR EQUITY AS A RESULT OF SALE OR REFINANCING- For each eligible mortgage insured under this section, the Secretary and the mortgagor of such mortgage shall, upon any sale or disposition of the property to which such mortgage relates, or upon the subsequent refinancing of such mortgage, be entitled to the following with respect to any equity created as a direct result of such sale or refinancing:`(A) If such sale or refinancing occurs during the period that begins on the date that such mortgage is insured and ends 1 year after such date of insurance, the Secretary shall be entitled to 100 percent of such equity.

Owner finance a note to a person with bad credit while having the property on contract, then sell the note at a discount of FMV, completing your purchase and sale subsequently... with all the transactions going on in one day at the closing company.

Further, "During the second and subsequent years of the lease or during any renewal of the original lease the amount required to be deposited may not exceed one month's rent."

Good for them...one more leverage item on the lender...and I subsequently drop my offer even lower.

Except things have continued to slide.