I do not think so, I think the mortgage broker will combine your qualifications into a one application and give you an approval based on that. 

An elderly man on a fixed income should be able to find an apartment that is income-based and affordable.

Experiences like this are even more reasons why you do not want to work with Bank of America in any capacity, unless you strongly desire distractions, inefficiencies, headaches and heartache.  

At the time of purchase I was not expecting property appreciation, but based on my purchase price, I can't imagine seeing any appreciation, even after 15-20 years.Thanks Kelly,Did you post anywhere else that I might have missed so I can also reply on those platforms?

Also the tax amount on the tax rolls is not the tax you pay in the future, it is based on the new sale price and will increase according in due time. 

Call an insurance broker and see what options they have based on what and where you are buying. 

Looking forward to your input.TroyView report*This link comes directly from our calculators, based on information input by the member who posted.

Try to make your decisions based on that and not as if it were your personal home.

Once we sale, based on other comp in the area, our net profit will be around 30K. 

Research the economic conditions, local job market, and future area developments to ensure strong rental demand and potential property value appreciation.