Fran Padilla and her husband, Louis, have a unique “pizza problem.”

I don’t think your math is correct on the loan repayment (mortgage) amount. 30 years of $540K at 5% is a monthly payment of $2898.84.Am I making a 20% downpayment to you and then another $27,000?

There are unique tax implications when refinancing.

I borrow 100k and guarantee 20% I repay 120K, or more of a traditional loan?

There are specific laws around MHPs that are uniquely different from a traditional rental unit, so make sure to get your lease from someone who knows the landscape. 

For example, my phone reps will get excited when a seller tells them they have multiple properties to sell, but when it's a mixed bag of different asset classes (i.e. two houses, some vacant land, commercial property, etc) the buyer for something like that is unique and someone you can usually only find by listing it on LoopNet, Costar or MLS.

I understand there are variables unique to each individual (tax liability, strategy, liquidity need) and seek these perspectives.

The lender may then qualify the borrower with a $0 payment.For deferred loans or loans in forbearance, the lender may calculatea payment equal to 1% of the outstanding student loan balance (even if this amount is lower than the actual fully amortizing payment), ora fully amortizing payment using the documented loan repayment terms.

Whether it's right for you depends on your own unique circumstances.

Kyle PotswaldCitizens first position HELOC CMG a financial 70% LTVEast West Bank, up to 60% LTV with "no docs” Figure 80% on a rental, not in LLC FirstBank CO a and AZ 75% LTVFirst Florida Credit Union https://firstflorida.cumortgagecenter.com First CommonwealthFirst Midwest, up to 90% Chicago areaFirst Republic - CaliforniaFulton BankGFA Federal Credit Union 10 yr draw, 10 yr repay, MAGranite State CU, NH 90-100%Great Lakes Credit Union Veritex , Texas HELOCHSBC 70%, for premier clients only Huntington 75% LTV 5 yr IO product available Hurst Lending and Insurance Investment property HELOC in Texas.