The SECRET Behind Your Home Loan #shorts

2.5K viewsover 2 years ago0m 26sScore: 75

BiggerPockets Money

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intermediate
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Summary

The video describes assuming a VA or FHA loan, where you take over the existing mortgage. This strategy can result in a lower interest rate and payment, but requires bringing cash to bridge the gap between the property's purchase price and the loan balance, which could be a significant amount.