Why Aren’t Assumable Mortgages More Popular? An Inside Look at Their Challenges and Benefits
I recently had a conversation with a potential buyer who was considering purchasing an investment property via an assumable mortgage. The topic of why assumable mortgages aren’t more popular came up, and after explaining several reasons, I realized that this question has puzzled many buyers. Assumable mortgages can offer significant benefits—especially in a high-interest-rate […]