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Carrington’s Perspective on Assumable Mortgages Featured in Scotsman Guide

In this article published in the April issue of the Scotsman Guide Residential Edition, Greg Austin, EVP, Mortgage Lending for Carrington Mortgage Services, reflects that as the housing market enters a bit of a plateau, with interest rates steadying at higher levels, buyers and sellers who qualify may be looking to take advantage of assumable mortgages as an alternative to get into a new home. According to the article, lenders that own and service loans with an assumable clause offer buyers an upper hand in today’s market in which 30-year fixed rates have moved above 6%.

Read the article on the Scotsman Guide website here.