Note Tip – February 2019

Friday, February 8th, 2019

If you are selling a property and agreeing to carry the note,  never agree to an interest rate that is lower than prevailing mortgage rates. You are not cashing out. You are still tied to the property. Your terms may be 10-15-20-30 years into the future. Interest rates will fluctuate during that time period. You cannot lock yourself into a low rate with a buyer that could not obtain conventional financing. Get a higher rate!

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