The 30-year fixed rate today is 5.77%.This time last year it was 6.87%.That 1.1% drop translates into roughly $35,000–$40,000 more purchasing power for a buyer with a $3,000/month principal and interest budget.Same income.Same credit.More house.That’s a meaningful shift in leverage.When affordability expands, opportunity expands with it.

I’ve secured financing with Stock Yards Bank (Term sheet in hand, 6.75% fixed).I am bringing in a Key Principal (KP) to sign on the loan to satisfy the balance sheet requirements, but I want to make sure I offer a fair split.The Question: For a standard KP who is only signing on the debt (no operational work), what kind of GP equity or fee are you seeing in this market?

• Is an interest-only structure more common, or principal + interest?

RAD did not let me even file the applciation to withdraw?

I have an accountant who files our taxes for our personal family situation (we have corporate jobs, as well as an LLC), but does not specialize,  nor is as well versed on the STR loophole. 

I wanted to confirm that to date they have never missed a payment and always returned principal?

I told them that I would file complaints against him if he won't refund my money.

Jay nailed the wealth-building math on principal paydown and tax benefits.

This is not a crash, but a normalization driven by tax, insurance, and supply pressures.Note investor relevance: Declining values mean lenders are less likely to recover full principal.

Should we aggressively pay down the principal and refi?