(6) Is there a pre-payment penalty?

We have a $200k line with a 1.99% apr until July 2020.

Sometimes, if you do it right, and know the right people, etc, you can get a pre-existing non conforming exemption.I have obtained this type of waiver in CA.

We've had a couple buyers nibbling the line the last few weeks and I would NOT complain about a pre-sale!

This is a shame as our current house is a great resource of cash - we bought our home as a pre-foreclosure three years ago and increased the value dramatically. 

Ski in winter and some pretty serious trout fishing nearby and the rest of those summer Sierra activities. 

what happened to the condo or house you were tracking with all the offers.1 mil I would leverage that at 4 to one and have 5 million to loan in HM in my VERY local area at 15% apr... or a little better there by generating about 750k a year in gross revenue.. the 4 million would be a bank facility that I would pay about 7% for... so that 280k a year   and gas money of 30k to drive around and look at my loans.. net would be 450k a year or 45%  NET revenue..

@Freeman Schultz It sounds like you are talking about a Pre Qualification, from a lender, that shows you are supposedly able to obtain a loan for a certain amount.  

Lowest APR/length with highest monthly payments or take 15 yr (30yr apr is too high in my opinion) for lowest monthly to maximize monthly cash flow to save for future additional properties?

It seems too far from the ski resorts and too far from Colorado Springs to show up in the search results when people type those locations into VRBO/AirBnB.