Want a 2.5% mortgage? It turns out there is a way to get one. It’s called an assumable mortgage, and as the name implies, it allows a new home buyer to take over the seller’s mortgage and turn back the clock to a time when rates were much lower. But buyers should still be prepared to pay in time and cash.
NPR’s personal finance reporter Stephan Bisaha reports.
This article was originally published on WBUR.org.
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