The Central Texas real estate market has been rocky for both buyers and sellers. Interest rates and home prices have increased, and inventory is at an all-time low, leading to a slowdown in the housing market. With all that being said, there are still opportunities to purchase a home with a low interest rate. This is made possible by assumable mortgages. What Is An Assumable Mortgage? Assumable...
If you’re thinking about buying a home, one of the first things you will need to do is get pre-approved by a lender. This helps determine how much you can afford and which mortgage loan will work best. A few different factors help influence which mortgage you qualify for, including your estimated down payment, credit score, and monthly mortgage payment. Let’s look at three of the main types...