That just seems like a lot of flexibility (and potential return) to give up for about an 0.5% difference in interest rate.Regarding mortgage calculators.

I haven't done much research on this but I bet its 2 fold.

Then I have had smaller apt buildings for example one I did 12 units bought at 184k sold 7 months later for 257k;) Brian B has a big business and certainly sounds like the most active guy I see in this forum I bet he could entertain us with some great deals he has done.

This was covered the other day:http://www.biggerpockets.com/forums/52/topics/83731I bet this guy's other tenants have all paid their March rent early and most have probably paid April.

Your rental would still cash flow and the savings on the interest can easily be calculated.

Any questions you have you can bet the answer is here!

I'd be willing to bet that the second one is the more common story of the two.

Can't really help you, this is legal territory, your best bet is to get a RE Attorney to help you with this.

I applied this rule to the properties I bought and also to some that I am considering buying .. and none of the calculated purchase prices come even close to the prices.If I followed this rule, I would not have been able to buy any of my 5 properties.Perhaps, this needs to be modified to 1 or 1.5% rule?

This mostly affects brokers, as they have to disclose the origination amount (direct lenders don't have to), which will be included in the 3% calculation, along with title fees and everything else.It does help protect borrowers from high charges, but not as much as you'd think.