From: "Don Zimmerman" 
Newsgroups: alt.invest.real-estate misc.invest.real-estate
Subject: Re: investment property mortgage
Date: Thu, 27 May 2004 19:53:57 GMT

"http://www.RogerV.com"  wrote in message
news:c8rhpv$i98$1@gist.usc.edu...

> Don't lie. It's a quick way to kill a file. That said, if you change your
> mind after closing and all payments have been made on time, it is indeed
> unlikely the lender would foreclose- but they have the legal right to and
> might do so.

I had a look at your site and was glad to see the discussion of
interest-only mortgages. People in this newsgroup are very much concerned
with cash flow and making sure that income from rental property exceeds
expenses, but I have not noticed a lot of attention paid to mortgage
interest rates. That is curious, because the monthly mortgage payment is
usually the biggest expense of rental property. Especially today when rates
are low the difference between, say, 5% and 4.75% has more impact than in
bygone days when it was 10% versus 10.25%. My wife and I have invested in
rental property for many years, and when we were house hunting we always
spent as much time searching for the best mortgage rate as for anything
else.