EPISODE · Sep 24, 2023 · 39 MIN
Assume the Advantage - Finding Sellers with Assumable Mortgages
from Mr Mortgage Show: Mortgage and Housing News · host Mark Eitel
Assuming the Advantage: The Hidden Power of Assumable Mortgages. Savvy buyers are assuming rates in today's market! But how do you find them? We uncover the easiest way everEver wondered if there's a way to capitalize on a sellers existing low-interest rates? Mar Eitel unveils the untapped potential of assumable mortgages.Now it's never been easier to find sellers with these golden tickets and the benefits of taking over a mortgage with a rate in the 3s.We'll guide you through the process, highlighting why, in many cases, assuming an existing mortgage can be more advantageous than chasing a lower sales price. Don't let a great rate slip through your fingers; discover the art of the assumable mortgage.We cover all this and more as Mark answers questions ranging from refinancing, reverse mortgages, buying investment properties, and even reverse mortgages. this was an action packed showJen is in the studio keeping us all inline, woman-ing the anytime hotline and keeping Mark on task!Learn more about Mark Eitel, the team, and the Show at www.MrMortgageRadio.com for more information or call/text 1-855-462-7292 the anytime hotline Thanks for tuning in, and we'll see you on the next episode of "The Mr. Mortgage Show"Let's Connect! Feel Free to Call Text or Email Mark Eitel NMLS #1929005Call or Text us: 561-935-5474 (Main Office)Email: [email protected]:00-intro02:15-Hidden Opportunity in Today’s Housing Market03:17-How to Lower Your Rate04:00-How to Find Sellers with Assumable Mortgages07:00-The Easiest Way To Find Sellers With Low Rate Assumable Mortgages10:00-We’re Back11:27-Wedding Registry for Gift Funds for Down Payment13:54-Seller Contribution to Pay Off Buyer’s Collections16:00-What is a Bank Statement Mortgage Loan17:49-FHA Saves the Day for a Single Mom18:50-We’re Back 219:49-Mom Died with a Reverse Mortgage, Now What22:17-Cash Out vs Debt Consolidation24:05-Mortgages for 1st timers buying fixer uppers25:08-Reverse Mortgage on a Rental Property28:40-We’re back 329:30-How to Assume a Mortgage30:26-Using a Grant and A Cosigner31:26-Sellng to my Son, Gift of Equity32:53-Cash Out Refi of Investment Property34:12-Why is FHA a Bad Loan36:01-Avoiding Escrow Waiver Fees; Mortgage38:40-Wrapping it Up
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Assume the Advantage - Finding Sellers with Assumable Mortgages
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