Market Update With Trever Kerr from Gateway Mortgage

<p>In this episode, John and Kyle are joined by Trever Kerr from Gateway Mortgage to</p><p>discuss loan assumptions and provide a market update on the mortgage and real</p><p>estate industry. They explain that loan assumptions can be a valuable option for both</p><p>sellers and buyers, allowing sellers to stand out in a competitive market and buyers to</p><p>secure a low-interest rate loan. They also discuss the current interest rate trends and</p><p>advise against waiting for rates to decrease, as the market may change and prices</p><p>could increase. The key message is to focus on building wealth through real estate and</p><p>not get caught up in the details of interest rates.</p><p>Key Takeaways:</p><p>• Loan assumptions have become more common in the current market, offering buyers</p><p>and sellers unique financing opportunities.</p><p>• Government loans, such as FHA, VA, and USDA loans, are typically assumable, while</p><p>conventional loans are not.</p><p>• Sellers should check if their loan is assumable before listing their home, as it can</p><p>make their property more attractive to buyers.</p><p>• Buyers should not wait for interest rates to decrease before purchasing a home, as</p><p>the market may change, resulting in higher prices.</p><p>• Real estate is a long-term wealth-building strategy, and buyers should focus on the</p><p>bigger picture rather than getting caught up in interest rates.</p><p>Quotes:</p><p>"Assumptions is definitely something that people need to consider." - Trever Kerr</p><p>"You might have that beautiful 2% high 2% interest rate that's a lot better than what</p><p>the current market rates are." - Trever Kerr</p><p>"Assuming a loan can help buyers qualify for a house they otherwise wouldn't qualify</p><p>for." - Trever Kerr</p><p>Get the full details on how assumable loans work in this episode.</p><p>You can listen to We Are TPM on any major podcast platform including Apple</p><p>Podcasts, Google Play, Spotify, and many more.</p><p>Tune in today!</p><p>We Are TPM</p><p>Teixeira