36. A Deep Dive Into Assumable Loans
Update: 2024-05-13
Description
Most people are not selling their properties right now because they have previously locked in extremely low interest rates on their mortgage and selling right now would mean giving up that rate for one that is drastically higher.
But what if you could sell your property and earn a premium for the interest rate you are giving up? Welcome to the assumable mortgage where Jason has recently just sold a client's property that had an assumable mortgage and he sold it for a price that was significantly above it's market value in Chicago.
In this episode, we break down how to identify properties with assumable mortgages, the potentials hurdles with them, and how buyers and sellers can find a winning situation with assumable loans!
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