Buyers, Get an Assumable Mortgage Loan

You should ask your lender about an assumable loan. This means that if you sell your house in the future, you can pass the loan to a qualified buyer. Typically, FHA loans are assumable.

The market conditions are great to buy a house right now. Interest rates have risen a little, but can still rise a lot more. If you have an assumable loan, you have the option to offer a qualified buyer today’s market conditions by giving them your low-rate mortgage along with your house.

An assumable loan can make your home easier to sell with more buyers and at a higher price in the future.

More information here:

http://www.bankrate.com/finance/mortgages/assumable-mortgage.aspx

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