What do you think about this financing?

[Lauren Nguyen]

I'm very new here but have done a lot of reading. I know some follow "creative" financing strategies, however, I am not much of a risk taker and am hoping for minimal risk. Our goal is to buy and hold to allow for "mailbox money" in our retirement years. Because I am conservative with my risks, I was seeking traditional routes for lending. I contacted the bank today and was pre approved for 20% down and 5.125% for 30 years fixed. I thought that sounded pretty decent considering this is an investment home and only about one percentage point higher than my primary mortgage. What say ye my fellow investors? Am I silly for tying up 15% in a down payment? We're looking at probably no more than a $75,000 home to start with and of course hope to purchase more as time permits. Thanks for your insights!