An assumable mortgage could help you sell your home for a higher price and help you sell your home faster. Find out if your mortgage is assumable and how it could help you reach your real estate goals.
An assumable mortgage could help you sell your home for a higher price and help you sell your home faster. Find out if your mortgage is assumable and how it could help you reach your real estate goals.
An assumable mortgage can make your home more marketable with lower interest rates.
Assumable mortgages often give the seller more negotiating power on price.
It costs less to assume a loan than it does to get a new loan.
An assumable mortgage is a home loan that can be transferred from the original borrower to the next homeowner. The interest rate and payment period stay the same. For example, if a 30-year mortgage is three years old, the person assuming the loan has 27 years to pay it off. Essentially, only the name on the mortgage documentation changes; everything else remains the same.
Not all mortgages are assumable in a home sale. Buyers can assume federally guaranteed or insured mortgages, but not other types of home loans. Conventional loans cannot be assumable, but buyers can assume FHA loans, VA loans, & USDA loans. Some federally guaranteed loans do not qualify as well, please contact your loan expert to see if your loan qualifies!
Walk MS gives a voice to the MS movement and brings us closer to a cure - RANlife has donated almost $53,000 to help the cause.
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RANLife was the first lender in Utah to roll out e-notes.
Greg Walker speaks to homeowners on x96 and Radio from Hell about how to navigate homeownership during the pandemic.
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Walk MS gives a voice to the MS movement and brings us closer to a cure - RANlife has donated almost $53,000 to help the cause.
Learn More
RANLife was the first lender in Utah to roll out e-notes.
Greg Walker speaks to homeowners on x96 and Radio from Hell about how to navigate homeownership during the pandemic.
Listen to it Now
I just wanted to say thank you for all your help, time, and support during the purchase of our new home. You walked me through every step and were so great in keeping in contact with me. When I became discouraged you kept me going on track. I have worked with other loan officers in the past and none compare! I would definitely recommend you to anyone! Thanks again for helping us into our new home.
Angie Rogers
