Exploring the potential of assumable mortgages in your purchasing plans.
Today, we’re delving into a topic that’s gaining more traction in the real estate world: assumable mortgages. We’ve received a few questions about this, especially from first-time homebuyers. Assumable mortgages can be a game-changer for both buyers and sellers, but they come with some important considerations. There’s a lot to unpack here, so tune in to discover if an assumable mortgage is right for you.
Feel free to watch the full message above or use these timestamps that will direct you to various points in the video:
0:00 — Introduction
0:21 — VA and FHA mortgages are most suitable
0:49 — Sellers must be open to assumable mortgages
1:05 — Buyers must make up the difference
1:44 — Will the lender release the seller from liability
2:30 — You must use the same lender
2:50 — Some final things to consider
4:58 — Wrapping up
Remember, if you have any questions about assuming a mortgage or real estate in general, please feel free to reach out to me by phone or email. I would be happy to help you with all of your real estate needs.
