All Posts Tagged With: "assumable"
Contrast “Freely-Assumable” Mortgages And “Qualified” Assumptions?
With a freely-assumable loan a new borrower can take over the mortgage payments without lender approval or a check of borrower credentials. With a qualified assumption, the buyer must meet the lender’s current qualification criteria to assume the loan. Once cleared by the lender, the original borrower can sometimes obtain a release of liability and [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
© Copyright 