High Equity Examples Quiz
Hint: The “meat” is what is connected to both your seller and your buyer.
Really? You need a hint on this one? This quiz question is just another way of describing the mortgage wrap for you. You’re welcome.
Always plan ahead and on a quiz you usually don’t answer a question with a question. And that leaves answer 2! If you are leasing the property as an exit, you might ask for a 2-5 year term with a balloon. You’ll have to pay them off then by selling or refinancing. It’s unlikely the seller will give you 30 years to pay them back.
man that’s a lot of questions!
The questions and their answers (at least the correct answers) are another way to get you to interact with the information. Note that you don’t have to achieve a passing grade to continue. So – no pressure.