Assumable Loan Rates Starting at 2%, A Home Buyer’s New Best Friend
November 25, 2022
Soaring mortgages rates are causing the recent real estate market slowdown. These high rates, by in large, are the only reason for the housing slump. Inventory is still relatively low compared to prior years, and prices are actively dropping. Despite the new lower home prices, sales are still way down due to the cost of a new mortgage today. However, did you know it is possible for a homebuyer today to assume the seller’s loan and get that seller’s fantastic mortgage rate, no matter how low that interest rate might be? It is a true and present possibility. We’ll show you how. Only Certain Homes Have Assumable Loans Given all of the homes on the market today, only a portion...