Buy a House With a 2% or 3% Interest Rate? Assumable Mortgages Explained!

Buy a House With a 2% or 3% Interest Rate? Assumable Mortgages Explained! Yes, some buyers may be able to take over a seller's existing mortgage and keep its low interest rate! On this episode of The Monique Buchanan Show, we're breaking down how assumable mortgages work, whether you may qualify, and how you can potentially save hundreds of dollars each month. We'll explain the assumption process, lender approval, down payment or equity-gap requirements, and what you need to know before pursuing this opportunity. If you've been waiting to buy a home because of higher interest rates, this could be an option worth exploring. Ready to explore assumable homes in Las Vegas? Contact Monique Buchanan, eXp Realty. *Loan assumptions require approval and qualification. Not all mortgages are assumable.