The discussion will focus on the burning question of how to obtain a second mortgage during an assumption purchase. Many buyers who seek to purchase a home with an assumable loan ultimately get frustrated because they don’t have enough cash to cover the down payment (aka cash gap) that is required.  This webinar will address those concerns and provide helpful information for agents to better serve their clients.  We’ll discuss the following bullets:
 
☑️ What causes the substantial cash gap
☑️ Ground truth about servicers allowing second mortgages
☑️ Pre-approval process for first and second mortgages / how to obtain a second mortgage and their terms
☑️ Announcement of AssumeList Academy [Background: AssumeList provides you with the power to search for assumable properties – AssumeList Academy provides you with knowledge to execute deals and aid clients from start to finish.]
 
🎙️ Host:
Tristan Ahumada, CEO of LabCoat Agents

🎙️ Guest:
Mike Loren, CEO of AssumeList & David Piatek, US Army Veteran, AssumeList In-house Lender