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Cut-Price Mortgages
Roam launches a mortgage assumption product, TikTok adds Wikipedia to search, Replit ships a desktop app
Happy Friday! A Utah resident mistook her AirPod as a vitamin, and ended up gulping it down while going for a walk. Apparently she’s not the first to do so, and turns out swallowed AirPods can still record the sound of one’s stomach 🤨
🌶 Daily highlight 🌶
Roam launched a platform for purchasing homes with an assumable low-rate mortgage included. All homes listed on Roam are “mortgage assumable”, meaning that buyers can take over existing mortgage terms from sellers 🏡
All government-backed loans (e.g. FHA and VA loans) are legally eligible for assumption, meaning Roam can address ~1/3 of all mortgages in the U.S. The product is currently live in GA, AZ, CO, TX and FL.
It’s a great time for Roam to launch. Buyers can access mortgage rates at a ~50% discount to market, while sellers see their homes become substantially more attractive to buyers given the added benefit of lower rates 🎉
So… When will this launch in the Bay Area??
♨️ Latest launches
Big tech
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🧈 Twitter nugget
Startups without PMF going out to raise another round:
— Alex Friedman 🤠 (@heyalexfriedman)
8:21 PM • Sep 13, 2023
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- Amol