weteachmoney
Region: US
Sunday 20 July 2025 17:52:06 GMT
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Josh Hodges :
Wish I woulda known this before I closed on Thursday😳😳😳
2025-07-26 23:33:59
0
Kyle Van :
Yeah, the home value went up like 200k, which you then need to pony up
2025-07-22 23:22:01
5
Benjerman :
Or you could buy down the interest rate until you're happy
2025-07-31 05:07:22
0
Fernando :
This works took a 2.6% for personal and for investments. Yes i paid 100k each as a down. But there are plenty with less down and even 0 down. Issue is people want finished houses.
2025-07-23 10:59:43
0
fortheloveofburgundy :
You’re also missing the fact that’s it’s incredibly hard to take over an assumable loan, and It takes far longer to close…
2025-07-26 15:06:55
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oceanview2424 :
Most loans are NOT assumable 🤣
2025-07-23 23:16:41
52
Lucas :
You still need to pay equity made so be ready for that
2025-07-23 00:46:53
0
Amg Power :
How you going to pay for house if you making only 3k a month and there’s no house less then 500k
2025-07-23 03:02:43
0
psychicguitar :
Assumable meaning sellers are so ignorant that they will let the buyers steal their home from them.
2025-07-30 01:14:01
0
dohara55 :
How can I do this
2025-07-23 02:12:45
0
Daniel Meza Top Realtor :
theres a big problem in this loan that they are not telling you
2025-07-22 15:27:41
1
Xavierfifty :
What if you own the house and offer financing how’s that work
2025-07-23 09:35:18
0
mortgages_with_cole :
Make sure you bring an extra to $200k to the table because that’s gonna be the difference between their current loan and what they’re selling the house for
2025-07-31 13:45:59
0
TLC TREE CHAD :
yeah the problem is that buyers can't come up with the large sum of the difference to assume the loan.
2025-07-27 20:06:20
0
Mr. Think 🤔 :
One giant problem, you need to make up the difference in current loan balance. Not many buyers have $150,000 - $200,000 cash to put down
2025-07-20 18:44:05
126
RightSideOutShirts :
Like a land contract?
2025-07-30 02:21:30
0
Tim Snow :
I’m licensed: not “automatically assumed”- buy must be qualified by lender. See section D1‑4.3‑01, Transfers of Ownership on FHA and VA Mortgage Loans
2025-07-24 15:07:21
1
Megan | Raleigh NC Realtor :
Yes but if they bought that property for $350K and now it’s listed for $650K that’s a $300k difference that a first time buyer isn’t going to have.
2025-07-27 10:59:42
2
Wmeh 📖📚 :
Not on conventional loans
2025-07-27 01:27:38
0
callen2025 :
Hahahhahahaha I love tik Tok. However it’s impossible
2025-07-26 06:28:32
2
BurtHerdstrom :
And, watch it reassess for the ridiculous price to make up the savings.
2025-07-31 03:02:14
1
SkankHunt45 :
lol. I tried this the early 90s in DC/VA/MD when we had a big downturn and we were trying to pick up underwater condos. It didn’t work at all. Sellers all wanted us to just assume their underwater home AND pay them 5-10% on top to give them something to pay list agent and pocket. Solid idea that didn’t work in reality, at that time. Too bad we didn’t do it since the market did rebound in about 10 yrs.
2025-07-22 03:52:42
1
iHunt4Cars :
Most loans aren’t assumable and in order to take over the loan you have to pay the difference in selling price vs remaining loan in cash up front. Minor detail 😬
2025-07-24 21:55:47
2
Fernando :
I don’t want to put in the work the time the effort it takes to create equity and get the deal to Tuen it around and create your dream home.
2025-07-23 11:00:20
0
🦥 :
missing a lot of context here
2025-07-22 21:28:17
13
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