AKA Work-ready.I purchased the home with an FHA loan, and my original contractor (as required by FHA otherwise I wouldn't have used one) underbid the contract not understanding the inflexibility of such a loan.

@Theresa Harris @Peter Tverdov Why is a larger down payment of 20% on a conventional loan a better idea if the interest rate is gonna be the same for both products?

The home was purchased with my VA loan at 2.99% with a remaining mortgage of 393k currently.

I mention 'it is a combination of IRA funds, bank loans, and private lenders'.

These numbers need to be more conservative.Recast means you pre-pay the loan but as opposed to it hit during the duration/term of the loan, you're paying against the monthly PITI.

And since the qualified mortgage law in 2010, these loans have remained solid, and thus, so has the mortgage securities market.

Buyers roll their agent commission into the loan. 

Commercial bank loan How did you add value to the deal?

thx experts There are certainly a lot of factors that go into the decision - keep in mind to there are multiple options with no prepayment penalty, so while there will be costs associated with the refinance - a no-prepay-penalty loan to purchase (at low leverage) can make a lot of sense as you can refinance later when rates inevitably come down, but don't have to time/guess when that is

You can't seller finance mortgaged properties, there is a due on sale clause, the bank calls the loans...more over your expectation that I'd have steady income for 30 years is strange.