If you do a commercial mortgage then closing costs will usually be a little more expensive than conventional.

On a spreadsheet it's usually cheaper to go via hard money lender, if you can avoid their extension fees.  

I want to one day own properties in Kenya and provide cheaper housing for others that are not able to afford. 

They own the property because the borrower missed mortgage payments and they are trying to salvage loses. 

Existing mortgage balance?  

If you're only going to live in the area a short time, be aware that buy and sell will come with RE agent fees which might make it cheaper to rent in the short term.  

Current property deed has two names (X and Y), however the mortgage note has only one name (X).And as per the title search report, Chain of Title1:When the property was purchased the deed has both X and Y names as joint tenants with the Right of Survivorship.Chain of Title2:Later a quit calm deed was made with Grantor( prior owner)  Y and Grantee (deed owner ) XChain of Title3:Again a bargain and sale deed was made the other way from above Grantor( prior owner) X and Grantee (deed owner ) YCurrent Title (vesting information):And one more time a Deed was made with both names (X and Y) on the deed as joint tenants with the Right of Survivorship.Now, as X is the only mortgage holder from the time of purchase, and bank is foreclosing the mortgage on X, will Y have any legal ownership to the property, if the property gets sold at sheriff sale.

I can get a mortgage with 5% down at 3.25%. 

Not really wanting a mortgage on any of my properties at this point.

Our mortgage is $1300 and I would like to atleast break even or try and make a couple hundred bucks a month on it.