How To Avoid A 7% Interest Rate When Buying A Home

What Is an Assumable Mortgage? Everything You Need to Know!

📞 Schedule a COMPLIMENTARY Homebuying Consultation with my Team:

Did you know you could take over someone else's low-interest mortgage instead of paying today's high rates? 🏠 In this video, I explain how Assumable Mortgages work, their pros and cons, and the crucial "catch" many buyers overlook.

This video will help you understand:
What assumable mortgages are and how they work
Which loans are eligible (FHA, VA, USDA, Jumbo)
How to navigate the down payment gap

Watch now to see if an assumable mortgage is the right move for you!

Timestamps:
00:00 Intro
00:50 What Is an Assumable Mortgage?
02:15 How Assumable Mortgages Work
03:20 Eligibility: Which Loans Are Assumable?
04:35 The Down Payment Gap Explained
05:40 Pros & Cons of Assumable Mortgages
06:10 Outro
Hashtags:
#AssumableMortgage #MortgageTips #LowInterestRates #FHA #HomeBuying #JustinLopatin #RealEstateTips #HomeLoans #MortgageExpert

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Justin Lopatin
NMLS# 226780

#RealEstate #RealEstateInvesting #JustinLopatinLO # #Homeownership #homebuyingtips #homesellingtips

[Just-My-Opinion]

So, there's no way to get financing for the difference between what the original mortgage and what the house sells for? Could you add to the mortgage from the same bank? I'm looking at VA loans specifically – I qualify as a vet, if only they allowed an additional partial mortgage on the same property. I'm surprised there's no way to bridge that gap?