As summer winds down and we approach Labor Day, we’re noticing a familiar trend in the real estate market: a seasonal drop in inventory levels. Every year, the weeks leading up to Labor Day typically see a slowdown in new listings as sellers take a final summer vacation or prepare their homes for the post-holiday […]

An assumable mortgage allows a homebuyer to take over the seller’s existing mortgage, keeping the same interest rate, terms, and balance. This can be especially advantageous in a rising interest rate environment, as the buyer can “assume” a loan with a lower rate than what’s currently available. Types of loans that are assumable include FHA […]