Assumable Mortgages Explained
Assuming a seller's mortgage can lead to significant monthly savings, but it comes with hefty cash requirements that can exceed $100,000. This option is limited to government-backed loans, cutting out a large portion of the housing market and potentially leading to costly insurance premiums. Ultimately, the risks and restrictions associated with assumable mortgages make them a less favorable choice for most buyers.In this clip
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George Kamel
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