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Search resuls for: "assumable Veterans Affairs"


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☆ 3 couples who recently got mortgage interest rates under 3% share how they did it
  + stars: | 2024-09-18 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +10 min
Read previewOver the past few years, US mortgage rates have fluctuated wildly, leaving both homebuyers and sellers scrambling. AdvertisementThis can lead to significantly lower interest rates, making monthly mortgage payments more affordable and saving thousands over the life of the loan. The Federal Open Market Committee, which oversees US monetary policy, is expected to cut interest rates at its meeting this week. This could lead to further declines in mortgage rates in the coming months. Here are the stories of three homebuying couples who secured mortgage rates below 3% since March 2023 using assumable mortgages.
Persons: —, Louis, Freddie Mac, aren't, Grace Lucchese, Mickey Ricard, Boston —, Lucchese, Ricard, Riccard, Brian Sankey, Fort Knox, Sankey, Brian Sankey Sankey, wouldn't, Amy Yzaguirre, Yzaguirre, I've Organizations: Service, Federal, Fed, Federal Reserve Bank of St, Business, Federal Housing Administration, Department of Veterans Affairs, Market Committee, Boston, Lucchese, assumable Veterans Affairs, Veterans Affairs, Army, Toyota Tacoma Locations: Lucchese's, Sudbury , Massachusetts, Boston, couple's Massachusetts, Elizabethtown , Kentucky, Fort, Elizabethtown, Oregon, Idaho, Tigard, Portland, Sherwood
☆ I bought two homes with interest rates below 3.5%. It's hard work to get this kind of mortgage, but it was worth it.
  + stars: | 2024-04-07 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +8 min
(She's selling one of them, also with an assumable mortgage.) An assumable mortgage allows qualifying buyers to acquire the interest rate, current principal balance, and other conditions of a seller's existing loan. In 2020, my husband and I bought a home in Beaverton for $650,000 with a 2.5% mortgage interest rate. We purchased another home with an assumable mortgage when rates were higherWe bought another home with an assumable mortgage in 2023. Getting an assumable mortgage isn't easyAssumable mortgages can be super hard to find.
Persons: —, Lori Coryell, I've, it's, Banks, It's, We've Organizations: Service, US Air Force, Business, USAF, Veterans Affairs, Gresham Locations: Oregon, Beaverton, Our Beaverton, Gresham, Portland, Gresham , Oregon
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