Creative Financing Questions on First Loan


I’ve been a lurker on this board for a while but this is my first post. I am finally getting to the place where I will be purchasing my first home. I’ve chosen a lender, looked at LOTS of rates and have found a property that I like. I’m to the point where I need to choose a loan and would appreciate insight in looking at the “big picture” of financing options.

I have 730+ credit, a steady job history and make a DINK salary. I know I won’t have problems qualifying. My #1 goal is to maximize net worth when I sell the property in 3 to 5 years. My #2 goal is to maximize current cash flow.

Thus, I’ve created a spreadsheet that calculates the value of the property, the equity, an investment account balance, and net worth over the life of the loan. Based on different inputs, I can see the effects of different lending options. However, my spreadsheet does not help calculate the effects of the mortgage interest on taxes or inflation.

Another element I’m trying to capture is the effect of $10k in renovations to the house value.

I’m looking for some experienced eyes that wouldn’t mind taking a look at my spreadsheet. I’m looking to get creative when I go back to my mortgage broker.


My first question is: Did I even post this in the right forum? :slight_smile:
Secondly, would anyone be willing to work through some ideas with me? My goal is to educate myself and find a good deal.

Thanks in advance.

Might want to contact a broker to look at different lenders for you. Also helo you and guide thru the way.