Skip the Rate Hike! How to Take Over a Low-Interest Mortgage NOW!

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What is a transferable mortgage and what are its benefits? What conditions must be met to take on a transferable mortgage? What financial difficulties can arise with a transferable mortgage? Should I consider a transferable mortgage as a home buying option?

In this video, I'll tell you about one of the most interesting and understudied mechanisms in the real estate market - pass-through mortgages. This is a unique opportunity to take on a mortgage with an already established, often below market, interest rate. However, despite the seeming benefits, the process involves many complexities, including strict qualifying conditions for FHA and VA loans and the need to cover the difference between the mortgage balance and the value of the home. We take a detailed look at how to finance this difference, the potential pitfalls of acquiring a second mortgage or home equity line of credit (HELOC), and general considerations on how total monthly payments may compare to obtaining a new mortgage at current rates.

Before deciding on a transferable mortgage, it's important to weigh the pros and cons. Watch this video to understand all the aspects in detail and determine if a transferable mortgage is really your best choice.

I'm Ella Gurfinkel, a Senior Loan Officer at Fairway IMC, and since Valentine’s Day 1996, I've been helping clients to achieve the cornerstone of the American dream - Homeownership. I take the time to find solutions for the most complex situations, even if it consists of 1,000 pieces.

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I am here if your home loan questions need answering.

Website: https://www.fairwayindependentmc.com/lo/ella-gurfinkel-188161?nmls=188161
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This Channel has been created to make your home purchase (or refinance) easier and simpler. To help you avoid making mistakes in this sometimes crazy process and to simply answer the questions you may be too afraid to ask!

Ella Gurfinkel | Senior Loan Officer | NMLS 188161
503-358-7769 | ella.gurfinkel@fairwaymc.com | www.teamellaportland.com
FIMC NMLS 2289 | 6650 SW Redwood Ln Suite 215, Portland, OR 97224

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