The 5 Worst Real Estate Investing Mistakesmollygavin
A helpful article from The Philadelphia Inquirer lists, “Not understanding your creative-finance or adjustable-rate loan,” as one of the worst real estate investing mistakes. They explain, “If a seller offers a “creative-finance” deal or the lender recommends an adjustable-rate mortgage, tread carefully. Depending on the terms of the loan, your payment might increase when interest rates rise, which is expected to happen throughout this year and beyond.” At Direct we offer fixed-rate financing ONLY. Our terms are outlined in writing and in advance to ensure our clients do not fall into this common trap.