RetroRate funding round will fuel assumable mortgage tool set

RetroRate funding round will fuel assumable mortgage tool set

RetroRate, a startup focused on making assumable mortgages easier to find and evaluate, has raised $2.2 million in seed funding. The platform allows real estate agents to find assumable loans through MLS data and guides them through a complex approval and closing. By streamlining this process, RetroRate aims to make assumable mortgages more accessible and actionable, said CEO Andy Taylor, who previously served as director of product at Redfin fr…

Assumable Loans: Even Agents Get Them Confused!

Navigating the world of mortgages can feel like learning a new language. Don't worry; you're not alone. There's a type of mortgage out there called an "assumable loan" that's worth considering, especially if the topic of interest rates gets you scratching your head. Let's dive into what assumable loans are and how they might work for you.