I can't accept a 5% yield -- I'd just assume pay off my own mortgage than invest in a 5% yield rental.

That to me looks like evidence of mortgage fraud.

Is the interest on both the unsecured parents loan and the mortgage deductible against this rental?

- How do I ensure that the mortgage loan terms are appropriate for the state that it is recorded in and the note is written in a way that it can be enforced?

Hello everyone I am also new and was wanting to know if I could get a mortgage loan with a credit score in the upper 500s I'm self-employed first time buyer does anyone  know if I would qualify I would rather do L/O than wholesales the wholesaling thing u need to know people u can sell to quick or if u know how long it takes to build a score thank you 

If you work with a local/regional bank/credit union, and they don't sell off their mortgages, then it won't be a problem.

If you take out a private mortgage against a rental property does that mortgage show up when you apply for a mortgage will a lender?

As this will be an owner occupied loan, you need to follow some guidelines, start by finding an RMLO, registered mortgage loan officer, licensed.This of course is not a typically great, risk free deal for you.

I tried the calculator at a 15 year mortgage, but it didnt look like it would work thus this report shows a 30 yr mortgage.

FHA Mortgage What was the outcome?