Welcome to episode 16 of 'The Real Estate Huddle' podcast.
Are you considering buying a home? Have you heard about assumable loans but aren't quite sure what they entail? Well, you've come to the right place!
In this video, we'll delve into the ins and outs of assumable loans, explaining what they are, how they work, and whether they might be the right option for you.
Assumable loans allow a buyer to take over the existing mortgage on a property from the seller. This means that instead of securing a new loan, the buyer assumes responsibility for the remaining balance on the seller's mortgage. Sounds convenient, right? But there's more to it than meets the eye.
Throughout this video, we'll discuss the benefits and drawbacks of assumable loans, including potential cost savings, qualification requirements, and considerations for both buyers and sellers.
So, whether you're a prospective homebuyer looking for ways to streamline the purchasing process or a seller exploring options to attract buyers, understanding assumable loans is essential.
On this podcast we had:
Landin Smith: 303-990-2229
Spencer Wilson: 720-347-9595
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