So, let’s get into the real talk about something super important: Assumable Mortgages

Imagine you’ve found this adorable home with a dreamy 2.25% interest rate that you can take on. The price? A cool $450,000, and the seller has $400,000 left on the mortgage. You’re thinking, “This is so my vibe,” especially since you’re pre-approved for way more. 💸✨

But then, reality hits:

🚨 The bank isn’t about to cover the $50k gap.

🚨 Your savings aren’t quite there to fill it either.

🚨 The process is a marathon, not a sprint, taking 4-6 months.

🚨 The seller is military and needs to sort out their Va eligibility stat.

🚨 And you? You’re needing a super cute space by March.

Here’s the scoop: VA loan assumptions aren’t just a walk in the park. They need time, a bit of cash, and patience, which honestly, mortgage companies are a bit short on.

But hey, does this mean we say “bye” to assumable loans? Not necessarily 🤔 It just means getting all the deets and planning like a pro. If you’re up for making a savvy move and have some time, let’s chat! My calendar’s open, and I’m here to help you strategize. 📅💭✌️