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For Business Inquiries, RealtorJonny@gmail.com
Imagine paying 18% interest on..well, anything?!?
Assumable Mortgages can still work today for YOU!
Basically, you want to look back in time for when interest rates where lower than today (ex: 2020-2022). Find Sellers that PURCHASED during this time period or any other previous years with an FHA or VA Loan. Talk to your Lender about ASSUMING these mortgages and negotiate with Seller to do so.
You'll take over that LOAN at that LOWER interest rate. If there is a DIFFERENCE in loan value vs Sale Price, then the Buyer will need to either pay the difference in cash or another Loan.
Feel free to message us if you have any questions
Your Real Estate Duo
Jonny & Maria
#yourrealestateduo #RealtorJonny #lowerinterestrates #homebuyers #assumablemortgage #FHA #vacation
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