Not sure if anyone commented on this already but another issue that draws my eyes to this plan is the mortgage piece. 0% down @ 6.25%? Is that correct?! What are the particulars here? For 0% down, are you just doing 1 loan or are there 2 loans? With 0% down and 1 loan, you would definitely be paying PMI.. Also, is this an adjustable mortgage? Sure the payment is $2,200 now but what about after it adjusts? This is a sure loser strategy. Your liabilities begin to rise while your home value decreases not allowing for a refinance into a fixed mortgage. Just a thought…
