|
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. |
