Today’s real estate news from RE-Insider, the California-based real estate news service for Realtors, brokers, investment companies and first time home buyers.
Assumable Mortgages: Understanding What They Are and How To Use Them
In this article Assuming a mortgage might be a possibility when buying a property, but it’s not always in the buyer’s best interest or allowed. Understanding how an assumed loan works, what the mortgage lender requires, and what financial and legal considerations you have can help you decide if it’s the right choice for you.