Retail tends to be priced a half point higher in rate than what the broker will give you.3.

To HUD a non-conforming loan is one that doesn't meet secondary requirements, has a thirty year amoritization, no balloon payment prior to half the equity being paid down and is fully amortized.

He gives you half that amount and you (and maybe him, since both you are now the owners) give him a warranty deed for the property.

During our second rehab, we discovered that the 3rd bedroom had quarter inch sheetrock when a tenant leaned on the wall and fell through :shock: Anyway, dh usually interviews contractors, but it was a rush job and he had to work for several weeks without a break.

Owner can live in half and rent out the other half.

Grandma died and left her half to 2 grandchildren the other half was left to grandma's brother in CA.

Here's an example:price $100,000down payment 10%, 10,000Amount financed $90,000Rate 6%Term 30 yearsPayment $539.60 (P&I only, your actual payment may include taxes, insurance, and PMI)payments made 24balance $87,721.41, 87.7% of original priceTo get the balance in this example down below 80%, you would need to make 89 payments, about 7 and a half years.

On average, half the rent you collect will go to expenses.

You might have taken out a 15-year loan to get the loan paid off in half the time, and might even be making extra payments, or perhaps signed up for one of those biweekly loan programs, all to enable you to get rid of the mortgage just as quickly as possible.You do all of these things, of course, for a very basic and deep-rooted reason: because your parents taught you that you should never a have mortgage, and the key to the American Dream is to own your home outright.Yet, a Big 30-Year Mortgage Is BestAlthough your parents’ advice once made sense, today it is completely wrong.

these houses were selling for $450K 2-3 years ago and now they are going for half of that, meanwhile the rents have stayed the same...