Assumable Loans - What You NEED To Know
122 بار بازدید -
4 هفته پیش
-
Buying a home is one
Buying a home is one of the largest investments you will make in your lifetime, so understanding loan assumptions is crucial to avoid costly mistakes.
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I'm Alex Knaus, a seasoned mortgage broker with 15+ years of experience in consumer/business finance & prior to holding a Series 7 license,
My Mission:
I'm here to empower you with the knowledge you need to thrive financially.
Whether you're looking to purchase your first home or expand your real estate portfolio, I'm dedicated to providing the essential education on home buying. Additionally, I offer valuable insights and tips on improving your credit score, a crucial step in achieving your homeownership goals.
Join me on this journey towards financial freedom and homeownership success together!
NMLS#598198
top 1% lender Scotsman Guide
top 1% lender Mortgage News Daily
••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••
SUBSCRIBE TODAY!: @alexknaus_
••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••
00:00 - Introduction and scenario setup
00:11 - Introduction of Alex Canals
00:14 - Purpose of the video: Discussing loan assumptions
00:28 - Real-world example of a loan assumption inquiry
00:42 - Popularity of loan assumptions in the current market
01:00 - Requirements for assuming a loan
01:17 - Example breakdown: $475,000 sale price, $142,000 loan balance
01:42 - Challenges in coming up with the difference amount
02:08 - Second mortgage as a potential solution
02:28 - Higher interest rates on second mortgages
02:48 - Investment property considerations and FHA loan restrictions
03:15 - Calculating total costs with loan assumptions vs. standard mortgage
03:45 - Conclusion: Loan assumptions are not as straightforward as they seem
04:05 - Advice on managing expectations and exploring other options
⏩ How Does An Assumable Mortgage Work? - How does an Assumable Mortgage work??...
HOME BUYER RESOURCES:
🏠 - How to Buy Your First Home Like a Pro -
How to Buy Your First Home Like a Pro...
🏠 - Minimum Down Payment for Housing in 2024 - Do you know the Minimum Down Payment ...
🌐 Apply Now For Mortgage - mtgpro.co/dr/c/05j96
🏡 Zillow Review - zillow.com/lender-profile/alexjknaus
✅ Best Credit Course on Market - app.gohighlevel.com/v2/preview/6BYQlzExxh4Ry9yHkEcq
••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••
Mortgage Questions? Call me (480)-322-8968
••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••
Connect with me 👇
Alex Knaus (Mortgage Advisor)
➡I N S T A G R A M ➳ Instagram: therealalexknaus
#mortgageadvisor #homebuyer #realestate
••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••
I'm Alex Knaus, a seasoned mortgage broker with 15+ years of experience in consumer/business finance & prior to holding a Series 7 license,
My Mission:
I'm here to empower you with the knowledge you need to thrive financially.
Whether you're looking to purchase your first home or expand your real estate portfolio, I'm dedicated to providing the essential education on home buying. Additionally, I offer valuable insights and tips on improving your credit score, a crucial step in achieving your homeownership goals.
Join me on this journey towards financial freedom and homeownership success together!
NMLS#598198
top 1% lender Scotsman Guide
top 1% lender Mortgage News Daily
••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••
SUBSCRIBE TODAY!: @alexknaus_
••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••
00:00 - Introduction and scenario setup
00:11 - Introduction of Alex Canals
00:14 - Purpose of the video: Discussing loan assumptions
00:28 - Real-world example of a loan assumption inquiry
00:42 - Popularity of loan assumptions in the current market
01:00 - Requirements for assuming a loan
01:17 - Example breakdown: $475,000 sale price, $142,000 loan balance
01:42 - Challenges in coming up with the difference amount
02:08 - Second mortgage as a potential solution
02:28 - Higher interest rates on second mortgages
02:48 - Investment property considerations and FHA loan restrictions
03:15 - Calculating total costs with loan assumptions vs. standard mortgage
03:45 - Conclusion: Loan assumptions are not as straightforward as they seem
04:05 - Advice on managing expectations and exploring other options
⏩ How Does An Assumable Mortgage Work? - How does an Assumable Mortgage work??...
HOME BUYER RESOURCES:
🏠 - How to Buy Your First Home Like a Pro -
How to Buy Your First Home Like a Pro...
🏠 - Minimum Down Payment for Housing in 2024 - Do you know the Minimum Down Payment ...
🌐 Apply Now For Mortgage - mtgpro.co/dr/c/05j96
🏡 Zillow Review - zillow.com/lender-profile/alexjknaus
✅ Best Credit Course on Market - app.gohighlevel.com/v2/preview/6BYQlzExxh4Ry9yHkEcq
••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••
Mortgage Questions? Call me (480)-322-8968
••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••
Connect with me 👇
Alex Knaus (Mortgage Advisor)
➡I N S T A G R A M ➳ Instagram: therealalexknaus
#mortgageadvisor #homebuyer #realestate
4 هفته پیش
در تاریخ 1403/04/12 منتشر شده
است.
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