Jim Potts

Synergy One Lending Inc.

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Understanding Assumable Mortgage Loans

November 8, 2023 by Jim Potts

Mortgage loans are an essential aspect of financing the purchase of a property. Among the various types of mortgages available, one option that may be advantageous for both buyers and sellers is an assumable mortgage loan.

An assumable mortgage loan is a type of home loan agreement that allows a homebuyer to assume the existing mortgage of the seller when purchasing a property. In other words, the buyer takes over the seller’s mortgage terms and conditions, including the interest rate, repayment schedule, and remaining balance. read more

Filed Under: Mortgage Tips Tagged With: Assumable Loans, Mortgage, Mortgage Choices

Understanding Why You Don’t Need to Pay Off Your Mortgage Early

October 19, 2023 by Jim Potts

While the idea of being mortgage-free is undoubtedly appealing, there are compelling reasons why you might not need to rush to pay off your mortgage ahead of schedule.

Filed Under: Mortgage Tips Tagged With: Mortgage, Mortgage Pay Off, Retirement

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Jim Potts

Jim Potts


Branch Manager
Call (760) 337-8100
NMLS# 227144
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