Mortgage got the best of me
Well you may be wondering why I haven’t blogged for so long, I have a confession… the mortgage finally got the best of me! I decided to take a look at those companies who offer to buy your home from you but allow you continuing living there under a lease agreement. At first I thought this would be the perfect solution but believe me its not!
They want to take a minimum of 14% off the market price and then you’re only on a 6-12 month agreement so after that they can boot you out if they want and from what I have read in forums - this is generally the case. They make their money from selling the properties and therefore if they buy at that much under the market price and then sell it a year later they end up making a pretty little penny.
I don’t have too much to say right now about the mortgage but I will come back to you all soon ![]()
posted in Mortgage Woes | 0 Comments