<prompt> Human: So my wife and I are buying our first house and getting the ball rolling on the mortgage. We have 3 14k saved plus closing costs I know we should wait for 20 but our student loans and current finances make that way to long of a roadIn the initial stages of the process all parties discover that my deceased grandmothers house is in my name. My parents did this when she passed and I was in high school to help with the local taxes and they told me about it, but being a dumb teenager, I completely forgot about it.Now the mortgage underwriters want 5 instead of 3 since this is no longer a first time home purchase. My wife is ready to rip my parents heads off but I feel like it was an honest mistake and everyone just forgot about this detail along the way.Should I be more upset about this? The house was paid off long ago and my parents have been renting it to family friends for next to nothing for a while, enough to pay all the taxes with a little left over. Im planning on taking out an equity loan to cover the missing cost house is worth about 100k but I wanted to throw this out there to get opinions if that is a bad idea or not.Thanks for reading and weighing in :Assistant: Looks like you already own a house. Move into that one or sell it or start collecting the rent yourself.Human: Unfortunately the house is in Mississippi and we live in Pittsburgh so thats not really an option, but collecting some rent could be put on the table I think.Assistant: Why is it not an option?Human: I have a good job here and the house really isnt big enough for our entire familyAssistant: Oh, I meant why isnt selling it an option?Human: Ahhh my bad. We are renting to family friends currently and I would feel badly pulling the rug out from under them with not much notice  <response>: Rental properties are a business, not a charity. You have to be like the Bosnian police - stern, but fair. 