I keep trying to figure out how to harness the low interest rate assumable loans that my current sellers have locked in place(they want to sell) but new mortgage rates are very high in relation. I believe many or most government backed mortgages like FHA, VA and perhaps others are assumable by qualified buyers.
Unless the new buyer has lots of cash on hand how can they assume the 1st mortgage and cover the equity in listed price?
Sorry if you are reading to get that answer but perhaps someone else will share in the comments!
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