You painstakingly research and educate yourself prior to purchasing important items such as automobiles, car seats, computers, or smart phones – it should be no different when purchasing your largest asset, your home. Surveying the property is an important part of that research. So, what is a survey and how does it protect you, as the buyer of real property?
Wrap Around Mortgages
As interest rates continue to rise, buyers may begin to search for creative financing alternatives that allow them to maximize their purchasing power and get into the homes of their choice. One option that may reemerge from the days of high interest rates in the mid 1970’s and early 1980’s is the wrap around mortgage. So, what is a wrap around mortgage and what makes it so attractive for buyers and sellers in the face of continued interest rate hikes?