Mortgage Terms Explained: Caveat Emptor
| Money : Mortgages Caveat emptor is used in many financial situations where there is a buyer or seller, and you may hear it referred to in mortgage scenarios, too. If you are a Latin scholar, or even if you're not, you might know that this term means buyer beware (or let the buyer beware, depending on who you ask!) Essentially it is a reminder that the buyer buys something - here a property - at their own risk. With such an investment as a house therefore it is essential that you get a survey done to ensure that any obvious defects are known to you before you take on the property.
 Questions about mortgages:
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