Wraping question, why would the purchaser of your property pay a higher rate than that offered in the loan market.
i.e in the example given you’re paying interest rate of 7% but provide vendor finance at 9% p.a. Why wouldn’t purchaser seek market finance.
Isn’t the whole premiss of Wraping to ofset your repayments with your vendor finance given. This may not be attractive to the potential purchaser. Could someone please comment if my understanding of concept is wrong?