Assumable Mortgages Explained: How to Take Over a Seller's Low Rate

Jeffrey Hohman

Published on: 12/10/2026

Assumable mortgages let buyers take over an existing FHA or VA loan — rate and all. Learn how they work, who qualifies, what the equity gap means, and whether an assumption makes financial sense in today's rate environment.

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What Is a Mortgage Rate Lock? How It Works and When to Use One

Jeffrey Hohman

Published on: 12/10/2026

Mortgage rates have risen seven consecutive weeks and now sit at 7.40%. Learn exactly how a mortgage rate lock works, how long locks last, what float-down options do, what happens if your lock expires, and when locking makes the most financial sense.

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Mortgage Points Explained: Should You Pay to Lower Your Rate?

Jeffrey Hohman

Published on: 05/10/2026

Thinking about paying mortgage points to lower your interest rate? Learn exactly how discount points work, how to calculate your break-even timeline, when buying points makes financial sense, and when it doesn't — so you can make a confident, informed decision.

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