Latest / The Assumable Guy Show
What Happens After Your Assumable Offer Gets Accepted?
Everybody talks about grabbing a rate in the twos. Nobody covers what the next 60 to 90 days actually look like. Ryan walks through the full process step by step, from the inspection and assumption application all the way to approval and closing, and explains exactly why the bank drags its feet so you do not take it personally when they ask for your tax returns for the third time. He also does the math on what the wait is actually worth: an assumed $400,000 loan at 2.5% versus today's rates saves roughly $390,000 in interest over the life of the loan. Trading 60 extra days of patience for…
The skinny
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