Seller's financing - ARM, ideas on future interest rate?
Hi,
even though I really didn't want to, in the end I had to accept a condition of the seller to have adjustable rate on the seller's financing. There is a 4 year balloon, so I just hope that the interest rates won't skyrocket now.
Do you have experience with having seller's financing with ARM? Is it so unusual?
And one curious questions, do you think that the inflation will run high and therefore the interest rates will skyrocket in the next couple of years? Just wondering what people here expect.