How Financing Details Affect Your Offer

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.


Next Closing Costs and Financing Incentives


All articles © 2000 RealEstate ABC
No articles may be reprinted or displayed without permission.


Home Buyer Advice - Menu

Benefits of Owning Your Own Home
Important Things To Avoid Before Buying a Home
Don't Buy a Car - or Did You Already Buy One?
The Business Cycle and Buying a Home
Comparable Sales and Your Offer Price
Major Factors Influencing your Offer Price
Offering to Purchase Real Estate- the Basics
Writing an Offer - Safeguards Regarding the Property
How Financing Details Affect Your Offer
How FHA and VA Financing Affects Your Offer
Selecting Service Providers



Atlanta Communities
Speak with a Realtor now! Contact The AtlantaPros Real Estate Team 770-346-9000
Email Atlanta Real Estate Pros





North Atlanta
  Luxury Homes



Recent Posts



Warning: readfile(http://www.rssfeedconverter.com/services/rss-converter/548f8ef209623/snippet3443-20141216) [function.readfile]: failed to open stream: HTTP request failed! HTTP/1.1 404 Not Found in /home/content/a/t/l/atlantapros/html/atlantapros/blog/real-estate-blog.php on line 3


Alpharetta Business Award