|
Why would I NOT want to hold a Mortgage
| Posted By |
Message |
Sandra
LIF Adult
Member since 5/05 1185 total posts
Name:
Sandra
|
Why would I NOT want to hold a Mortgage
besides default, what are reasons why I would want to hold the mortgage--if I sold one of our homes to someone?
Message edited 3/6/2006 11:43:47 AM.
|
Posted 3/6/06 11:42 AM  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource |
CookiePuss
Cake from Outer Space!
Member since 5/05 14021 total posts
Name:
|
Re: Why would I NOT want to hold a Mortgage
You're money is tied up for the length of the mortgage.
You're money is locked in at a current rate and subject to interest rate risk, reinvestment risk, and purchasing risk.
|
| Posted 3/6/06 11:44 AM |
| |
|
LSP2005
Bunny kisses are so cute!
Member since 5/05 19457 total posts
Name:
L
|
Re: Why would I NOT want to hold a Mortgage
you DON'T want to do this. Talk to a lawyer about all the legal and financial ramifications of this.
|
| Posted 3/6/06 12:10 PM |
| |
|
Sandra
LIF Adult
Member since 5/05 1185 total posts
Name:
Sandra
|
Re: Why would I NOT want to hold a Mortgage
DH's brother is a real estate lawyer, I didn't want to bother him at work--thank you for the inputs!
|
| Posted 3/6/06 12:14 PM |
| |
|
Potentially Related Topics:
Currently 636375 users on the LIFamilies.com Chat
|
