In this episode, John and Kyle are joined by Trever Kerr from Gateway Mortgage todiscuss loan assumptions and provide a market update on the mortgage and realestate industry. They explain that loan assumptions can be a valuable option for bothsellers and buyers, allowing sellers to stand out in a competitive market and buyers tosecure a low-interest rate loan. They also discuss the current interest rate trends andadvise against waiting for rates to decrease, as the market may change and pricescould increase. The key message is to focus on building wealth through real estate andnot get caught up in the details of interest rates.Key Takeaways:• Loan assumptions have become more common in the current market, offering buyersand sellers unique financing opportunities.• Government loans, such as FHA, VA, and USDA loans, are typically assumable, whileconventional loans are not.• Sellers should check if their loan is assumable before listing their home, as it canmake their property more attractive to buyers.• Buyers should not wait for interest rates to decrease before purchasing a home, asthe market may change, resulting in higher prices.• Real estate is a long-term wealth-building strategy, and buyers should focus on thebigger picture rather than getting caught up in interest rates.Quotes:"Assumptions is definitely something that people need to consider." - Trever Kerr"You might have that beautiful 2% high 2% interest rate that's a lot better than whatthe current market rates are." - Trever Kerr"Assuming a loan can help buyers qualify for a house they otherwise wouldn't qualifyfor." - Trever KerrGet the full details on how assumable loans work in this episode.You can listen to We Are TPM on any major podcast platform including ApplePodcasts, Google Play, Spotify, and many more.Tune in today!We Are TPMTeixeira Property ManagementMansfield, [email protected]———————————————————————————There are a vast amount of ways in today's world to build wealth using real estate andinvesting, not just in property, but in yourself!Located in the Dallas-Fort Worth area of Texas, John Teixeira and Kyle Teixeira ofTeixeira Property Management bring you all of the knowledge and experience they canprovide for the confidence to achieve your investment goals, or how and why to createthem. Now, while John and Kyle have a ton to share, they will also be bringing youinterviews with some of their clients, industry partners, experienced investors, andmuch more every week!John and Kyle look forward to sharing the knowledge you need about arguably thegreatest investment vehicle that is available to the masses — Real Estate. Knowledgeis power, and John and Kyle intend to give you as much power as possible. It's notalways about the HOW, but also the WHY, and they will be digging into it right hereevery week!

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