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Updated almost 8 years ago,
Assuming the mortgage
Hi everyone,
I am looking a at 159 unit apartment complex and the owner has an assumable mortgage. If I try to assume this loan, will I go through the same process as if I were just getting a loan to purchase it?
The owner wants cash over mortgage so I would still have to figure out how to finance the other part over and above the assumable mortgage.
Any help would be greatly appreciated.