Many loans are assumable, and chances are you’ll see more of them.
If you’re like me, it’s been some time since you’ve dealt with loan assumptions. With the interest rates rising and with some of the excellent rates that people could get over the last couple of years, however, these are starting to come back. Today, we’re talking about loan assumptions and the new addendum that must be completed as part of that process.
Feel free to watch the full message above or use these timestamps that will direct you to various points in the video:
0:00 — Introduction
0:45 — Why this is important
1:45 — Plan on a longer closing
2:35 — What you need to know about the new addendum
5:45 — Wrapping up
Hopefully, that clears everything up for you. Remember, if you have any questions about this topic or anything real estate related, please don’t hesitate to call or email me. I am happy to be a resource for all of your real estate needs.