I really appreciate all your thoughts! My understanding is that my KAP Financial guy would make some money off the closing costs. He then "sells" our account to GMAC, who is the actual lender. He said (of course
that he doesn't make a lot of money off these, but will in the long run because of referrals. I don't see the banks offering this because they wouldn't make nearly as much money versus a traditional mortgage, right?
Is it true that the majority of folks in England and Australia buy homes this way? If yes, then maybe it's so new and radical, just new and radical to us? I, too, am exploring it, but not sold yet. But definitely excited!