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Message
re: Financing for raw land
Posted on 5/7/23 at 10:29 am to BillWilliamson
Posted on 5/7/23 at 10:29 am to BillWilliamson
quote:
So what happens after the first 7 years are up? Just principle for the remainder of the term? Sounds too good to be true.
It’s called hybrid financing
At the end of the 7yrs, if you don’t refinance it, it becomes an ARM (adjustable rate mortgage)
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