How to Find Homes for Sale with an Assumable Mortgage

  Рет қаралды 6,973

Jason Walter

Jason Walter

Күн бұрын

Buying a home in the United States is very challenging given that housing affordability is close to an all-time record low due to the increase in home prices and mortgage rates over the past several years.
In today’s video, I discuss what’s an assumable mortgage and how to find a home for sale in which the homebuyer may be able to assume the homeowner’s low mortgage interest rate. In other words, if a homeowner has a low interest rate that can be assumable by a home buyer then how does one take advantage of that, how can you find a home for sale with an assumable mortgage and lastly, what are the pros and cons of an assumable loan mortgage
Enjoy! Please subscribe, share and Like!
➜➜➜ Looking to buy or sell a home in the greater Sacramento area? We would love to help! Email me at: jason@meetjasonwalter.com
➜➜➜ PLAYLIST: Videos about Living in Sacramento
bit.ly/2TkXZSh
➜➜➜ Want videos edited for KZbin? Hire us! For details, please email me at info@meetjasonwalter.com
➜➜➜ Get Connected To a GREAT Real Estate Agent here anywhere in the USA:
www.realestateteamfinder.com
Compilation of Housing Market Forecast videos:
• Housing Market Predict...
Reports I shared:
www.veteransunited.com/valoan...
www.quickenloans.com/learn/wh...
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed mortgage rate is around 7% for the current mortgage rates (at the time of filming this video for those with excellent credit).
Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?
----------------------------------------------------------------------------------
Products I use and like: ad
My Gear I Use for KZbin: www.amazon.com/shop/jasonwalter
Tubebuddy www.tubebuddy.com/jason808
***
Jason Walter, CPA (inactive CPA lic 103885)
Sacramento real estate agent and native (DRE 01923240)
Mortgage Loan Officer, NMLS 2566691
Revest Homes (DRE 02174879, NMLS 2362319)
jason@meetjasonwalter.com
➜➜➜ SUBSCRIBE FOR MORE VIDEOS ➜➜➜
To never miss a video about real estate related topics, please subscribe & then hit the bell notification here ➜ bit.ly/31kAR73
➜ PLAYLIST: Videos about Living in Sacramento
bit.ly/2TkXZSh
Royalty Free Music from Bensound
Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.
This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed real estate agent and mortgage loan originator with Revest Homes in California (DRE 02174879, NMLS 2362319).
#housingmarket #interestrates #mortgagerates

Пікірлер: 50
@afsharlady
@afsharlady 2 ай бұрын
Excellent info! I did a search for Idaho (the whole state) and there were 70! Searched Walla Walla, WA, only 1.
@JasonWalter1
@JasonWalter1 2 ай бұрын
Oh wow! Thank you very much for searching and for sharing! Anyone else look in their area?
@civicsport702
@civicsport702 10 күн бұрын
Love this info, but trying to find a way to come up with the cash difference 😁
@JamYezzle
@JamYezzle 2 ай бұрын
For VA loans, Veterans or service members do not pay PNI. Thanks for all you do.
@Chew5219
@Chew5219 2 ай бұрын
Low interest fixed debt is the asset.
@JasonWalter1
@JasonWalter1 2 ай бұрын
Yep!
@harshivamatcha3114
@harshivamatcha3114 10 күн бұрын
Excellent info, thank you for explaining!
@JasonWalter1
@JasonWalter1 10 күн бұрын
Glad it was helpful!
@renelopez2244
@renelopez2244 2 ай бұрын
Jason and the Energizer Bunny. They keep going and going.... Fantastic information
@JasonWalter1
@JasonWalter1 2 ай бұрын
Thank you, Rene! I appreciate you.
@veronicallamas9333
@veronicallamas9333 2 ай бұрын
I’m so happy we qualify for a va loan plus we just sold our house so I’ll check it again. I searched previously with not much success. I don’t think many sellers even know about this option because we ourselves could have offered it when we sold our home but didn’t know about it.
@JasonWalter1
@JasonWalter1 2 ай бұрын
I also believe many agents and homeowners aren't aware of this either. That's one of the reasons I made the video :)
@veronicallamas9333
@veronicallamas9333 2 ай бұрын
@@JasonWalter1 appreciate you and thank you!
@natalya7356
@natalya7356 2 ай бұрын
Very informative!
@JasonWalter1
@JasonWalter1 2 ай бұрын
Glad you think so! Thank you for watching.
@sheepman6291
@sheepman6291 2 ай бұрын
This video is gold. My wife and I loved it. Thank you.
@JasonWalter1
@JasonWalter1 2 ай бұрын
Glad to hear it! Thank you!
@theonerealestatesecret
@theonerealestatesecret Ай бұрын
Found several looking around.
@user-bl5dv2es5j
@user-bl5dv2es5j 2 ай бұрын
This could be a great way for someone with a big down payment available to take advantage of someone's much lower rate/payment. Only problem is, will the seller be willing to play ball.
@RLTango
@RLTango 2 ай бұрын
Thank you for the research and content! Looks like a Golden Goose for someone, but not everyone.
@JasonWalter1
@JasonWalter1 2 ай бұрын
My pleasure! Thank you for watching the video!
@MehrinShahed
@MehrinShahed 2 ай бұрын
I found only one in OC! Wondering if realtors can find (on MLS) which for sale houses are on FHA loan.
@renelopez2244
@renelopez2244 2 ай бұрын
Good morning
@JasonWalter1
@JasonWalter1 2 ай бұрын
Morning!
@Steverz32
@Steverz32 2 ай бұрын
Happy Thursday Jason
@JasonWalter1
@JasonWalter1 2 ай бұрын
Sand to you Steve!
@Steverz32
@Steverz32 2 ай бұрын
@@JasonWalter1someone is thinking about the beach 🏝️ 🤣😂🤣
@JasonWalter1
@JasonWalter1 2 ай бұрын
@@Steverz32 haha! That was pre-coffee *same
@nadruik9890
@nadruik9890 2 ай бұрын
Jason, thanks for the Assumable walk through. Do you know if property taxes are refigured on the new sell price or do you get to keep their taxes as well?
@JasonWalter1
@JasonWalter1 2 ай бұрын
Good question. Property taxes would be based upon the new sales price (i.e. how much the buyer pays for the house).
@nadruik9890
@nadruik9890 2 ай бұрын
@@JasonWalter1 thanks Jason, I figured that is probably the case as well but video made me curious about that and PMI
@ryanwalthuis1928
@ryanwalthuis1928 25 күн бұрын
I was thinking of assuming a mortgage and getting a loan for the equity then renting the place for a few years while i live cheap and pay down the loan. do you think that would work? i figure after assuming the mortgage and taking on the loan you could rent for the total loan value of both and then pay aggressively and eventually move in. delayed gratification.
@brandonpenton5626
@brandonpenton5626 Ай бұрын
Seems like the biggest issue is that some realtors are unfamiliar or do not inform their clients of their loan being assumable. I sold my assumable house a year ago and we did not have assumable in our listing description. Do you think cold calling listings is the best way to find assumable mortgages if it is not stated in the listing?
@seadradraggs
@seadradraggs 2 ай бұрын
Thanks for this information! The question I have is if you were assuming a mortgage and are paying the sale/current balance difference out of pocket, would that mean the lender has made double the paid off amout under "one" mortgage?
@TheDankrista
@TheDankrista 2 ай бұрын
No. The excess is going into the sellers pocket. And the terms of the original loan stay in effect. For instance if there are only 25 years remaining on the 30 year loan, you only need to make payments for the remaining 25 years.
@jomomma1072
@jomomma1072 2 ай бұрын
I found 3 homes today that were assumable. The one we were interested in was 459k. 300 plus owed at 2.375% interest. Before I called my agent I read that va loans could be taken over by non-va buyers. It turns out out this seller is looking for a buyer with their va certificate so the seller can buy another home using theirs. So basically from what I learned today and from watching your video, this seller is looking for a veteran who has 100 plus k to put down and can use their Va certificate to assume the loan. Va loans are usually beneficial for veterans with little or no money down right? Is it just going to sit on the market?
@supremeaction9026
@supremeaction9026 2 ай бұрын
I just got in contact with a realtor. There is a home at 3% rate w/ $2400 monthly owing 400k left. Down payment required is 235k. I’m 10k short. And would have 0 money saved. Seems like a great opportunity tho.
@JasonWalter1
@JasonWalter1 2 ай бұрын
Zero money left? Great rate but I wouldn't buy unless you're able to still have an emergency fund.
@TheDankrista
@TheDankrista 2 ай бұрын
Ask the listing agent to represent you and credit you 1% towards closing costs
@Balbirsingh-rs4wz
@Balbirsingh-rs4wz 2 ай бұрын
0 in Hayward
@JasonWalter1
@JasonWalter1 2 ай бұрын
Thank you for sharing and looking.
@House_hacker_619
@House_hacker_619 2 ай бұрын
You need to widen your search don’t just stick to one area
@rzhang70
@rzhang70 2 ай бұрын
Is there any restriction who can assume an FHA loan?
@JasonWalter1
@JasonWalter1 2 ай бұрын
The lender has to approve of the assumption and the buyer still has to get a loan approved by the seller's lender.
@Steverz32
@Steverz32 2 ай бұрын
1😊
@JasonWalter1
@JasonWalter1 2 ай бұрын
😀🏡
@shaanproms2101
@shaanproms2101 2 ай бұрын
It's not gonna work. Coz, the current listing prices of the homes are 100% over the original loan, now you got to pay the difference which would depends on the listed price 😂 if we had such bigger pockets why wouldn't we buyit before COVID.
@Donkiko-bz1lv
@Donkiko-bz1lv 2 ай бұрын
What if the seller homeowner has a 10% mortgage 😂 I rather have a 7%
@edwinjacks
@edwinjacks 2 ай бұрын
This is bs . I thought i would get an assumable home at the cost that was owed. You might as well just get a fresh home n loan. That just just blew me. So no benefit ftom assuming a loan
@supremeaction9026
@supremeaction9026 2 ай бұрын
Except for having a rate 3-4% lower. Which we won’t see this decade.
Mortgage Rates Fall After Fed Announcement
11:24
Jason Walter
Рет қаралды 4,8 М.
Heartwarming Unity at School Event #shorts
00:19
Fabiosa Stories
Рет қаралды 24 МЛН
Как бесплатно замутить iphone 15 pro max
00:59
ЖЕЛЕЗНЫЙ КОРОЛЬ
Рет қаралды 8 МЛН
Fast and Furious: New Zealand 🚗
00:29
How Ridiculous
Рет қаралды 43 МЛН
NEVER Buy These Types Of Houses
14:29
Jeb Smith
Рет қаралды 209 М.
5 Places To Find Owners That Are Giving Away Their Properties
17:02
Money Moves With K
Рет қаралды 273 М.
Why Everyone is FLEEING Austin as Fast as They Can
7:19
Charles Lewis - Buying & Selling Homes in Austin
Рет қаралды 1 МЛН
July 2024 Foreclosure & Mortgage Delinquency UPDATE
18:51
Jason Walter
Рет қаралды 5 М.
Corelogic: THIS will Occur in 2025 to the Housing Market
17:13
Jason Walter
Рет қаралды 18 М.
Fix these items to avoid a bad home inspection! Home Inspection Check List REVISED!
23:29
Real estate expert discusses assumable mortgages
3:11
9NEWS
Рет қаралды 2 М.
Why So Few Americans Live In This HUGE Area Of The West Coast
11:40
Geography By Geoff
Рет қаралды 7 МЛН
Девушка ограбила мажора, но…😳
1:00
Trailer Film
Рет қаралды 8 МЛН
Крокодил получил по-заслугам! 😱
0:32
КиноСклад
Рет қаралды 24 МЛН
Мировой Рекорд по Засыпанию (@DazByron )
0:30
Голову Сломал
Рет қаралды 9 МЛН
I'm Excited To see If Kelly Can Meet This Challenge!
0:16
Mini Katana
Рет қаралды 21 МЛН
Neden yüzünü saklıyor
0:19
H. DANIŞIK
Рет қаралды 20 МЛН
MAGIC DRINK TRICK TUTORIAL 😱😳
0:20
Milaad K
Рет қаралды 60 МЛН