Am I the only one thinking about this?

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Real Estate Agent with Coldwell Banker 01191797

Last week I wrote about mortgage portability, and thought wow Quincy what a great idea, let's throw this out to the rest of the "in crowd" on social media and see what bubbles up. Well, I got nothing! Not one comment, one reply, one suggestion , not even one "what were you thinking?".

So, am I that far off base to think that we all will be looking at higher interest rates in our future? And the impact on the selling decision if the seller has a 3.5% loan and has to get a 7% or higher loan to buy the next house?

My guess is that we need to be thinking about that now rather than later, come on everyone, help a fella out...let me hear those ideas!

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Rainer
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Henry Pailles
Chula Vista Realtor,Short sale,Eastlake Real estate,Realtor - Chula Vista, CA
San Diego Real Estate, San Diego Realtor, Chula Vista Real Estate

that idea was starting to cook before the whole bubble went to hell

Oct 12, 2010 07:22 AM #1
Rainmaker
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Simon Mills
Mills Realty - Toluca Lake, CA

Assumability of a mortgage could be a huge asset when interest rates go up.  The problem is people don't feel the need to talk about it when interest rates are low.  You are right on track with this topic and it should be something that every borrower demands to be included in their loan now.

Oct 12, 2010 07:22 AM #2
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Rainer
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Quincy Virgilio

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