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- 10620 Treena St. STE 230, San Diego, CA 92131
- 858-703-8142
- [email protected]
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Find your client's dream home and keep their monthly payments low with an assumable mortgage from Providwell
Providwell's new app makes it easy to find alternatives to traditional real estate through loan assumption.
Buyers
Get access to unbeatable rates of the past, making homeownership more affordable than ever. Providwell is your ticket to buying a house with assumable mortgage terms that could cut your payment in HALF!
Sellers
Ready to get a higher sales price and reach more buyers? Look no further- Assumable Mortgages are the game- changer you’ve been waiting for!
Investors
Build your real estate portfolio with minimal upfront costs and interest rates that are HALF of today’s rates. Find more deals that pencil and boost your ROI.
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Numbers that Make Sense
We calculate and present these transactions in a way that makes the short and long term financial benefits easy to understand. Buyers really can save thousands of dollars per month and hundreds of thousands over the life of the loan.
Housing cost: Assumption vs Traditional
Assumption saves money
- Assuming a mortgage with a lower interest rate means a lower payment
Lower Rate = Less Interest = Lower payment
- Interest at 2.5% is one third the interest @7.5%
Principal Reduction
- A larger portion of the payment goes towards principal
- Paying down principal isn’t an actual housing cost. - you are just shifting assets from your bank account to your home equity
Providwell doesn’t originate mortgage loans. If a buyer assumes a loan, they take over the seller’s existing interest rate. These rates will vary depending on when the loan was originated. The all time lowest rates were from late 2020. Current rates are estimated for illustration purposes based on data from the St Louis Fed.
Helpful Articles
Step 3
Step 3 See real-time data based on your criteria. Actual active listings that includes: Number of Houses Average Interest Rate Price Range
Step 2
Step 2 Dial up yoru maximum down payment. Set the bar high and expand visibility to key properties.
Benefits, Buyers, Sellers
Benefits for buyers and sellers
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
Buyers, Providwell, Sellers
Traditional options vs providwell
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
"With mortgage rates at their highest levels in decades, borrowers are desperate for ways to keep their monthly payments low."
Contact us
- 858-703-8142
- [email protected]
-
10620 Treena St. STE 230,
San Diego, CA 92131 - eXp Realty of Southern California, Inc.
- CA DRE Lic #02187306
- CA DRE Lic # 01420222
About Us
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.
SDMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g.square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.Compilation © 2023 San Diego MLS. Last Updated: December 14, 2023 5:22 PM UTC
CRMLS
Based on information from California Regional Multiple Listing Service, Inc. as of December 14, 2023 1:41 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Based on information from December 14, 2023 1:41 PM UTC The information being provided by CRMLS is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRMLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.