• 006: Understanding Real Estate Assumptions The Benefits of Assuming a Mortgage

  • Aug 12 2024
  • Length: 51 mins
  • Podcast

006: Understanding Real Estate Assumptions The Benefits of Assuming a Mortgage

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  • Summary

  • Darlene and Crystal discuss real estate assumptions, where a buyer takes over the seller's mortgage. They explain who can assume a mortgage, why it might be beneficial, and the complexities involved. Assumptions can offer buyers lower interest rates and payments, and sellers might profit from the arrangement. However, the process can be complicated and uncertain, with potential delays due to unclear procedures. Real estate agents are important in guiding clients through the pros and cons of mortgage assumptions.
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Economics
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