Why a UK rate rise may see mortgage fix rates fall! (Watch to the end)
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Mortgage Rates Dip to 7.2% 🏡 Mortgage rates declined slightly this week for the first time in a while, but buying a home is still out of reach for many people, especially here in San Diego.
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Interest rate hike by the Bank of Canada: Was it necessary? Watch the full video on the RED FM Canada YouTube channel Guest: GS Mann, Mortgage expert & Realtor Host: Rishi Nagar, RED FM Calgary #bankofcanada #Interestrate #redfmcalgary #redfmcanada
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There are millions of homes for sale with a 3% mortgage already attached, and you’re allowed to take it over. It’s called an assumable loan. If the seller has an FHA, VA, or USDA mortgage, you can legally step into it at their rate. Their 3% becomes your 3%, instead of a brand-new bank loan at today’s 6.5%. The bank will never point you to it, because a new loan is their payday and a loan you inherit isn’t. You just look for the word “assumable” and cover the gap between the loan balance and the
1:14
There are millions of homes for sale with a 3% mortgage already attached, and you’re allowed to take it over. It’s called an assumable loan. If the seller has an FHA, VA, or USDA mortgage, you can legally step into it at their rate. Their 3% becomes your 3%, instead of a brand-new bank loan at today’s 6.5%. The bank will never point you to it, because a new loan is their payday and a loan you inherit isn’t. You just look for the word “assumable” and cover the gap between the loan balance and the
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