SOME CAUTIONS

Before going ahead with a creative home loan, have a lawyer or other expert help you interpret the fine print. You should consider some of the situations you could face when paying off your loan or selling your property. And make sure you understand the terms in your agreement—such as acceleration clauses, due on sale clauses, and waivers.

TIP:  In addition to any legal issues, financial considerations, also come into play.  Therefore, financial guidance is suggested helping before a final decision on the type of mortgage to take.