No offense, but just jumping in, as is often recommended, is as dumb as doing surgery on yourself because you read a medical book.

It's a win-win in my book.If you go with the 15yr, yes you will pay it off faster, but you are stuck at the 15yr high payment no matter what happens and that could come back to haunt you if something drastic happens and you have huge medical expenses or something like that.

Due to medical expenses.

He is about to unkowningly do something illegal that could have life long consequences.Say he does this, gets slammed with a cease and desist letter.

I have seen this done before on larger deals ($5M+) and in my medical opinion, even if it's legal, it often isn't honest. :-)The entire reason to provide a proof of funds to a seller is to credibly and authentically demonstrate your intrinsic ability to perform the financial obligations of the contract.

That's a lot of money to lose in one month...Reminds me of one of my wife's friends who had $286,000 missing from their medical practice & didn't realize it until the billing clerk went on extended sick leave.

They have 615 due to past medical expenses.

I own 3 duplexes in and around the medical center area (NW side of town) and only one of them has separately metered water.

Cease all further contact with this applicant. 

Is your husband hopefully a specialty medical doctor or also a chiropractor?