|
 |
| Interest Rates: |
|
| Another reason for including financing information in your offer
is to protect yourself. If interest rates suddenly become volatile
and rise quickly, as sometimes happens, you may looking at a mortgage
payment much higher than you anticipated. By putting a maximum
acceptable interest rate in the offer, you are protecting yourself
from such an occurrence.
At the same time, the seller will probably want to see that
you have some flexibility in the financing terms you are willing
to accept. If interest rates are currently at eight percent and
you indicate this is the highest rate you will accept, you would
be able to cancel the contract without penalty if interest rates
rose past that point. The seller would suffer because they have
lost valuable marketing time and may have made their own plans
based on successfully closing the transaction.
|
|
Home |
Listings |
Contact Us |
Buying |
Selling |
Local Area |
Links |
Mortgage
Calculator |
All information deemed reliable
but
not guaranteed and should be independently verified. All properties are subject
to prior sale, change or withdrawal. Neither
listing broker(s) nor Thompson Realty Inc. shall be responsible for any
typographical errors, misinformation, misprints and shall be held totally harmless. |
|
|
