Another reason for including
financing information in your offer is to protect yourself. If interest
rates suddenly become volatile and rise quickly, as sometimes happens,
you may looking at a mortgage payment much higher than you anticipated.
By putting a maximum acceptable interest rate in the offer, you are
protecting yourself from such an occurrence.
At the same time, the
seller will probably want to see that you have some flexibility in the
financing terms you are willing to accept. If interest rates are
currently at eight percent and you indicate this is the highest rate you
will accept, you would be able to cancel the contract without penalty if
interest rates rose past that point. The seller would suffer because they
have lost valuable marketing time and may have made their own plans based
on successfully closing the transaction.