Some lenders will underwrite off of the "Note Rate" and some will "Stress Test" the rate to a rate higher than the "Note Rate" which will give you even less leverage/lower DSCR. 5. 70% LTV on a 1.

I would also point out that it's unlikely the rates will come down close to 2.99% within the next year, so sitting on the sideline for years is a risk in of itself.Alternatively, you could get a 2nd mortgage that would allow you to keep the first mortgage at 2.99%.

With the WSJ Prime Rate in the 8%s, you're probably in the 9%s on your line right now (just an assumption).

I'm thinking of keeping the 2bedrooms at the current rate. 

He is looking for $290,000 but realistic offer price with the current interest rate and other expenses is closer to $260,000. 

Renting the entire property comes at a flat rate of $1500.We've received interest from a female nurse specifically for the master bedroom, but she prefers not to share the space with a male tenant.

Real estate continues to be high where I am located and when I calculate the mortgage payment with 20% - 25% down, it only breaks even with the rent I could collect. 

They will hit you on the interest rate and LTV.

.$365K mortgage at 7.5% - $2,550/MoHOA - $460/MoTaxes - $306/MoInsurance - $200/Mo?

When you pay all cash there is no 6 month title seasoning wat to get out 80% of the purchase price.You can also come in with a 60% mortgage and a 40% all cash and get a little bit better of a rate and be able to waive escrows if needed.