#299 Assumable Mortgage: What It Is & How It Works

Tune in on today's episode about Assumable Mortgage: What it is and how it works with John Kitchens and Craig O'Boyle. Craig found an opportunity in assumable mortgages and he will talk more about it in this show. An assumable mortgage is a type of home loan where the buyer takes over the seller's existing mortgage, including its terms and conditions. This means the buyer takes over the seller's mortgage and pays the same payments each month. It can be an attractive option for both parties but requires careful consideration and legal documentation. The buyer may be able to get a lower interest rate if the seller has a fixed-rate mortgage lower interest rate than what is available now. For the seller, it can be an effective way to transfer ownership of the property without having to pay off the existing mortgage. What Can Help You: Sunday Planning 168 - 168 is the number of hours each of us has every week to live the life we deserve. Get our Sunday Planning 168 framework to establish the right mindset for the week to let you do what the best in the world you're at! My Growth Score - For a business to thrive, create an effective plan that propels it to move forward. Yet, creating a solid strategy requires you to identify your growth constraints. What is preventing your business from growing? Take our 5-minute Growth Score Assessment and discover which of the 8 xXelerated Growth Factors could hold your business back. Book A Discovery Call - As a leader, you want to have strategies that help your business grow fast. You also want to build a strong team and make big changes that will give you freedom. We want to help get you to where you want to be. John Kitchens is the most sought-after systems and processes coach for real estate agents that want to build a business. Book a call with John Kitchens and transform your business and life! See our best stuff on social: Facebook: https://www.facebook.com/johnkitchenscoach/ Instagram: https://www.instagram.com/johnkitchenscoach YouTube: https://youtube.com/johnkitchenscoach LinkedIn: https://www.linkedin.com/company/johnkitchenscoach

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