"Rising Mortgage Rates Spark Buyer's Remorse and Loan Assumption Opportunities"
Mortgage rates are causing buyer's remorse among recent homebuyers, with more than half regretting taking out a mortgage when rates were high. However, opportunities for loan assumptions are emerging as a way to avoid higher interest rates. VA homeowners, in particular, can transfer their mortgage to another buyer, allowing them to benefit from the lower interest rates. Buyers must consider paying out the home seller's equity, while sellers risk losing their VA home loan benefit unless the buyer is also a veteran. Navigating the current housing market requires careful consideration of these conditions and consequences.