In this episode, John and Kyle are joined by Trever Kerr from Gateway Mortgage to
discuss loan assumptions and provide a market update on the mortgage and real
estate industry. They explain that loan assumptions can be a valuable option for both
sellers and buyers, allowing sellers to stand out in a competitive market and buyers to
secure a low-interest rate loan. They also discuss the current interest rate trends and
advise against waiting for rates to decrease, as the market may change and prices
could increase. The key message is to focus on building wealth through real estate and
not get caught up in the details of interest rates.
• Loan assumptions have become more common in the current market, offering buyers
and sellers unique financing opportunities.
• Government loans, such as FHA, VA, and USDA loans, are typically assumable, while
conventional loans are not.
• Sellers should check if their loan is assumable before listing their home, as it can
make their property more attractive to buyers.
• Buyers should not wait for interest rates to decrease before purchasing a home, as
the market may change, resulting in higher prices.
• Real estate is a long-term wealth-building strategy, and buyers should focus on the
bigger picture rather than getting caught up in interest rates.
"Assumptions is definitely something that people need to consider." - Trever Kerr
"You might have that beautiful 2% high 2% interest rate that's a lot better than what
the current market rates are." - Trever Kerr
"Assuming a loan can help buyers qualify for a house they otherwise wouldn't qualify
for." - Trever Kerr
Get the full details on how assumable loans work in this episode.
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Tune in today!
We Are TPM
Teixeira Property Management
There are a vast amount of ways in today's world to build wealth using real estate and
investing, not just in property, but in yourself!
Located in the Dallas-Fort Worth area of Texas, John Teixeira and Kyle Teixeira of
Teixeira Property Management bring you all of the knowledge and experience they can
provide for the confidence to achieve your investment goals, or how and why to create
them. Now, while John and Kyle have a ton to share, they will also be bringing you
interviews with some of their clients, industry partners, experienced investors, and
much more every week!
John and Kyle look forward to sharing the knowledge you need about arguably the
greatest investment vehicle that is available to the masses — Real Estate. Knowledge
is power, and John and Kyle intend to give you as much power as possible. It's not
always about the HOW, but also the WHY, and they will be digging into it right here