Assuming someone's mortgage with a fantastic interest rate might seem like a dream deal, especially in times of low rates. However, let's get real! While during the COVID pandemic, we saw rates as low as 1.875%, values have risen since. In theory, taking over a mortgage is enticing, but in practice, it's rare to come across. Values change, and the difference might catch you off guard. Straight from the trenches of the mortgage world—assumptions are a rarity! 📉 #mortgage #personalfinance #financetips #realwealthwisdom #mortgagepaymenttips #preapproval #fhaloan #mortgagerates #homeinvestors #fhaloan Video Credit: Peter Galvez
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