Roam CEO Raunaq Singh suggests buyers and sellers take a look at assumable loans. Assumable loans, according to Singh, are loans in which the buyers “take over the interest rate that the seller currently has.” In other words, the rates that the seller paid are the same rates the new buyer will pay. This, according to Singh allow for more affordability and increases opportunities for sellers. Roam takes 1% of purchase price from each sale made through their site.
#RoamCEO #youtube #yahoofinance
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I only stretched 😂 who wants a baby to come out the wrong hole? 😂
This is a real estate scam. It is a legal scam, but it is still a scam. The fundamental problem is housing non-affordability as a percentage of income. Therefore rather than solving the SUPPLY-DEMAND problem, or solving the NIMBY problem, banks and real estate organizations conspire to create loopholes for elite buyers, just like this assumable mortgage scam.
…… or buy the house subject-to the existing mortgage.