Latest / The Assumable Guy Show
What if I Owe More Than My Home is Worth?
If you bought near the top in 2021 or 2022 and Zillow is telling you your home is worth less than you owe, this episode is going to change how you look at your situation. Ryan walks through exactly why being underwater is not the dealbreaker most sellers think it is when you have a low rate attached to your loan. He runs the math on a seller who owes $405,000 on a home that appraised at $390,000 and shows how a buyer saving $910 a month on the assumed payment makes back that entire $15,000 gap in about a year and a half. The rate fills the hole. He also covers why marketing an assumable…
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