Benefits of loan assumption for Seller and Buyer For Seller: Reduced Costs Whereas a traditional real estate sale will cost the seller of a property 6% (on average in San Diego – 5% commissions and 1% transaction costs), an assumption through Providwell will generally shift all of these costs to the buyer. This allows the … Read more
Providwell versus existing options. Often, our clients find themselves in a position where they would like to sell their home, but have minimal equity. This creates a challenge because home sellers typically rely on the home’s equity to pay the selling costs- including realtor commissions and other transaction costs. Traditional options include coming out of … Read more
Overview of the assumption process Goals: Educate on the basic process Gently promote Providwell as a competent sherpa Scare people a little. This might not be easy without help (and isnt worth thee risk) Outline/Pertinent details: Working with the servicer Challenges of loan underwriting Every Borrower is unique Documentation requests and delivery can be challenging. … Read more
At eXp Realty of Southern California, Inc., Providwell is creating opportunities for home buyers and sellers by providing superior alternatives to traditional real estate through VA home loan assumption.