Jun
05
has any one been through a solicitor mortgage what is it and how does it work
Trackback
Conveyancing Brisbane
Best source of information relating to Conveyancing in Brisbane.
-
-
-
Save $Thousands Selling Your Own Home
Are you thinking about selling your home yourself? then click here to read more about selling your family home; tricks, tips that will save you thousands of dollars.
Powered by Yahoo! Answers
Avoid solicitor mortgage at all cost! They typically range from 2% – 4% PER MONTH. That is 24% to 48% p.a.! As you can imagine this is nearly impossible to repay without selling your property.
You should only use a solicitor mortgage if you are in very serious financial trouble and need money fast. I would only do it if I was selling my property and needed cash out while waiting for it to sell.
If there are any other options available then please consider those first.