Does taking over someone’s mortgage seem easier than getting your own mortgage? You might be in for a little surprise. Today, an assumable mortgage still requires approval, just like you would need if you took out your own mortgage.Looking for Current Mortgage Interest Rates? Click Read more
Can I Buy a House by Assuming the Existing Mortgage?
Assuming the existing mortgage is not a common occurrence today, but it still can happen. What this means is that you take over on the seller’s mortgage where he left off. It sounds simple, right? The fact of the matter is that there is a lot to do in order to assume the loan – you still have to Read more