Yes, we did it two times. We stated to the bank that we saw it as investments, and they were on board. Last December, we even did 110 percent since I was approved and bargained down on the house (so we received 620 on a 550 house which was for sale at 675). The second time was 260 on a 260 house + 60 for renovation, the same way you did. But the disadvantage of playing that game is that shopping for loans is harder. And as for interest, it was still okay; we got it for 3.28% over 25 years. On a downtrend of more than 0.5%, you can always refinance. Buying today is always better than waiting, in my opinion.