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Sandra Garcia

Answers by Sandra Garcia

1 answers · 5 pts

What is the lockout effect?

Asked by Tony K | Shreveport, LA | 04-06-2026

Sandra Garcia
Sandra Garcia04-07-2026 (1 week ago)

Hi Tony, there is no way to transfer the current loan to a new home purchase . However, there are ways to assume an assumable loan with lower rates than the current market rate. There are also buydown options that could get you in the 3's or 4% interest.