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Do people pay that much?Fast Lane [528 Posts] I've seen ads for wraps that require the person being wrapped to, to pay as much as $700 per week. FW [499 Posts] g7 Keep smiling Guest [0 Posts] >>You can wrap anything<< Yeh, my wife always wraps my lunch for me. There are many ways in which people approach vendor finance. They load the selling price, they charge a premium on the interest rate, some do a combination of both of the above. Other arrangements may involve having a balloon payment after a number of years (which basically forces the wrappee to refinance - let us just hope that the property has gone up in value. Others again have a scheme whereby the wrappee occupies the property whilst paying a higher than rent occupation fee with the wrappee, after a number of years, sharing the ownership of the property with the wrapper and the wrappee, after Hope this helps. Pisces ( a non-wrapper though it looks like that will be changed shortly). (You all have finally convinced me |
User loginIn The NewsDarwin Delight! House prices in Darwin have reached the point where the land is worth more than the house and developers are circling! Fixed Rates DOWN! The ANZ will reduce interest rates on fixed loans by up to 50 basis points. 1 yr rates now 8.49% Outer Suburbs Out! A peak body has called for outer fringe development to be scrapped. Today's TipYour deal's in trouble if the difference between making and losing money is <more> Active forum topicsImpact of me going overseas on IP calculations Author: ankitjain Our cottage reno $10,000 budget Author: Reno Queen Who's Online |
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