Benjamin Franklin said “An investment in knowledge pays the best interest”.  So, when you’re shopping for a loan, it’s important to understand all of your options. Here are a few current facts.

  • Rates between 2% – 4% are still available but only if you take over the sellers mortgage. These are called Assumable Mortgages.
  • Rates between 6% – 7% are the current market place rates for anyone who desires to establish a new 30 year mortgage loan.
  • Rates between 3% – 3.5% are typically for owners who are looking to refinancing their mortgage.

 Get a list of Assumable Low Interest Rate Mortgages on our site.    See our FAQ to learn how to find these rates