Advice from an Underwater Homeowner

Chris Lauer

Chapter Chapter 3 in Underwater, 2013, pp 17-23 from Springer

Abstract: Abstract When dentist Dr. Daniel Fink bought his house in Kennett Square, Pennsylvania, in 2003, he paid about $650,000. Three years later, noting an appreciable growth in his dental business, Fink decided to refinance his home mortgage and use the equity from his house to acquire a new office space and pay for an assortment of upgrades and improvements. In 2006, his house was appraised for $875,000, which gave him plenty of money to create the perfect facility for his thriving dental practice.

Keywords: Underwater Homeowners; Dent Business; Kennett Square; Fink Says; Adjustable Rate Mortgages (ARM) (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/978-1-4302-4471-4_3

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