I'd suggest you have it reviewed very carefully. paying the minmum will not provide much of a paydown and if you were to make just that payment and attempted to refinance, the property may not appraise high enough, with 10% down, for a refi without PMI or to make it economical, so pay it down.Others have addressed the deal itself.Good Luck, Bill

I continue to think is very dangerous to count on overall market appreciation, especially in CA where you have a non-functional legislature and an ugly economic situation.

And when the governing classes want more money, they just demand it from those they govern.But we'll soon have them in charge of health care!

This area hasn't expreience the degree of economic downtown that many other parts of the country have.

Doing a longer term contract if they are in poor health because they may need to liquidate future amounts for medical benefits to qualify for medical assistance, so they win.

The current economic downturn and real estate market offer a great opportunity for rehabbers to make serious money.

The stock market decline based on negative economic conditions and market sentiment.

All it might take would be news of some economic indicator in your area (I know it's stonger in your area) or other competition to keep other offers from being made during your marketing period, a bidding war is no guarantee.

They are applying theory and ideals to economic issues.

I tend to agree it's less of an economic decision but a feeling that home-ownership fosters healthy communities.