@Manny Martinez FHA monthly mortgage insurance is typically 0.85% of the loan amount, so you are effectively already paying the rate you were quoted, $200 per month on an $80,000 loan amount would be about the equivalent of a 3% interest only loan, now factor in the difficulty in finding a 2nd mortgage in todays rate environment that low and assuming the refi rate you are talking about is a fixed rate, your $200 extra per month is paying down the balance of the $80k further reducing the effective rate you are paying on the $80k, all while paying about the same effective rate on your existing balance when you combine your rate and MMI... seems like it is a good move to me or at least better than finding a 2nd mortgage.

We bought the place 4 years ago for about $1.3 million with a $650000 new first, 15 year at 4% fixed (btw, no personal guarantee on the loan because 50% LTV/LTC).

By doing 3 night minimums, you can sell another 4 nights at minimum.We recently did away with this rule as our new pricing software allows people to book for 2 nights but increases the amount by the cost of another night. 

The day i closed i noticed i had a crazy amount of built up equity in my new home.

Hi Paul, Imagine turning that fixed-up basement into a cozy living space that adds value to your home – sounds tempting, but is it legal?

Fix and Flip: Purchase distressed properties, renovate, and sell for profit.

Hold it for 1-3 years, fix it up, raise rents, and sell at a profit.

She said it was a conservative amount to put away. 

I requested the closing documents to review all the associated fees and charges, and I was surprised to find that the out-of-pocket closing costs amount to $12,395.38.

I have a 2.99% 30 year fixed I would do a lease option or mortgage wrap with for someone with a $480K down payment.