If you've been keeping an eye on interest rates, you know they have risen in the past few months. Believe it or not, for some sellers this could be good news and put them at an advantage over other sellers.
Who are these lucky sellers and what am I talking about? I’m glad you asked. If you are a seller with an FHA or VA mortgage, those loans are assumable. An “Assumable Loan” is one that allows the payments and liability for the debt to be taken on by someone other than the original borrower.