Latest / The Assumable Guy Show
Why Are 75% of Assumable Homes Hidden From Buyers?
Three out of four homes with assumable mortgages are sitting right there on the market and nobody knows it. Ryan breaks down exactly why: the MLS field rarely gets filled in, agents do not advertise what they do not understand, and buyers have never been taught to ask. Three people in a room sitting on top of a 2.99% rate and it just evaporates. He walks through the math on a $430,000 FHA loan at 2.99% versus a new loan at today's rates, a difference of about $900 a month and over $300,000 in interest over the life of the loan, and shares how Ben and Liz found a home listed like any other…
The skinny
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