Assumable Mortgages are Back! How to Take Over a Mortgage in 2024
Manage episode 443032743 series 3283991
Are assumable mortgages making a comeback? In this video, we’ll break down what assumable mortgages are, why they’re returning, and how you can benefit from taking over an existing mortgage. If you're looking to buy a home and lock in a lower interest rate, this might be the perfect opportunity! We'll cover: What is an assumable mortgage? How the assumption process works The pros and cons of assuming a mortgage Key eligibility requirements Tips for finding assumable mortgages in today’s market Stay tuned to find out if an assumable mortgage is the right option for you in 2024! Don’t forget to like and subscribe for more real estate tips and insights. #AssumableMortgage #HomeBuyingTips #RealEstate2024 #MortgageRates #DetroitRealEstate
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