Tag: Mortgage Benefits
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“Assume” Makes a Great Deal for You and Me, Right? What to Know About Your Assumable Mortgage
Got a government-backed mortgage with an assumable loan? If you decide to sell, a buyer might jump at the chance to get, say, a 3% interest rate instead of something between 6% and 7%. An assumable loan lets the mortgage stay on the home, even though you transfer the home’s deed to a new owner.…