I remain amazed that faced with these numbers you and your “expert” can hold this belief.

Your position remains as a collateral interest as long as you hold the property unless limited by state law, say for one year.Consider; I own a 500K property that has a first of 350K and you loan me 10K as a second.

It's my understanding that the mortgage would be satisfied upon the sale of the property.Here's the actual text of the HUD guideline if you're interested or it help clear up any remaining questions:http://www.gpo.gov/fdsys/pkg/CFR-2011-title24-vol2/pdf/CFR-2011-title24-vol2-sec206-125.pdf

The two big questions I had were 1)If this strategy catches on and the government closes the loophole of paying no taxes when borrowing against a life insurance policy then you are screwed and 2) You are committed to a set large payment that remains the same even if you lose a job or your circumstances change for the worse.

I agree REITs will continue paying the nice dividends as long as interest rates remain depressed throughout the year and into 2014.

I've done my best to remain polite and professional - but they're really pushing my buttons.They move out this weekend.

The core functions of the BRE will remain the same, and consumers, industry and stakeholders will continue to receive the same level of excellent service from the new BRE that was provided by the DRE.

Ok, Al Williamson, got my April insurance invoice and month over month, on an ongoing basis, by fine tuning my coverage, setting values at what they should be instead of the insurance company's fantasy AND switching my remaining properties to ACV (Actual Cash Value) from RCV (Replacement Cost Value)... drum roll please... savings of $261.78 a month or $3141.36 annually.

Your monthly payment would remain the same at $477.42 since it is amortized over a 30 year period.A fixed rate loan of $100k at 4% would have a higher monthly payment but would be paid off at the end of the term no balloon payment.Do a search for "Balloon Loan Payment Calculator with Amortization Schedule" and you should find what you are looking for as far as a calculator to help you out.

You want the place to remain secure.