Realtor Insight
Can My Mortgage Make Me Money?
Understanding FHA and VA loans.
They always say it costs money to make money but I don’t think that anyone ever thought that paying a mortgage could make you money. A few months ago I went to a fantastic Real Estate seminar that talked all about this concept and how it applies to homeowners all over the country. Currently mortgage rates are at an all time low, agreed? Imagine if 10 years from now you could guarantee your home to transfer to a new buyer at that same low rate that you got today. It would seem unlikely, but in fact it can and will happen. You see two particular types of loans FHA and VA are the only loans that are, and will be, assumable to a new buyer. So let’s say today in 2012 you purchase your home with a rate of 3.5% and in 10 years, 2022, the going …
