Just thought I'd give a 'heads up', because the FBI likely saw that as well.

I believe @Nate & Sharon Shaw mentioned in their intro that working together gets us all ahead- we are definitely interested in the right kinds of partnerships!

He told me straight out that every five years it will be adjusted to whatever the current rate will be, I believe this is pretty standard for Commercial financing.

I have a lot of research ahead of me :)Tim, thank you so much for the information on the NSDREI club.

That higher price being made as compensation for the intrinsic values of the deal That means part of that intrinsic value is in the note and as a mortgage is thereby secured by the overpriced property, so you have your intrinsic valued attached or secured by the property.No, I don't mix my fruit, it's that I'm 6 steps ahead.

In your case there is no way around it which is why I suggested the lease-option, but this is a straight option, no guru option stuff!

I think my issues are fairly straight-forward that any lawyer could handle, but I need someone with customer service skills.Thanks for any recommendations.Amy

Go ahead and do a google search, and speak to an FHA mortgage broker.

He's light-years ahead of us on education.But we are anxious to have him here with us!

Regardless of whether you decide to refi or not, you should get the house titled into you or your trust's name - otherwise you are leaving a probate nightmare behind for your heirs should something happen to you.In addition, this home is now a rental and affords you some tax benefits - I'm not certain if the same benefits are available to an executor that are available to an owner, but I would venture to say your tax strategy would be better served having the home in your name.Talk to some local lenders and find out what the terms, conditions, pros and cons are to a straight cash out refi vs. a Heloc based on your situation (credit, income, appraised value of home, etc.), and then you can make a more informed decision from there based on your own personal goals.