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Updated over 5 years ago,

Anson K Au's profile image
Anson K Au's profile image
Anson K Au
  • Rental Property Investor
  • from Roseville, CA
  • Member since May 9, 2018
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Anson K Au's profile image
Anson K Au's profile image
Anson K Au
  • Rental Property Investor
  • from Roseville, CA
  • Member since May 9, 2018
Connect
Anson K Au
  • Rental Property Investor
  • Roseville, CA
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Multi-Family and Apartment Investing

Assuming a Fannie Mae Multi Family Loan

Anson K Au
  • Rental Property Investor
  • Roseville, CA
Posted

Hi all. I'm currently underwriting a multi family property. The current owner is looking for someone to assume his loan which matures at 2027. He has been making interest only payments since 2017. Fannie Mae is also offering a supplemental loan at a slightly higher interest rate of the original mortgage.  

What should I be aware of in this type of situations? What questions should I be asking?

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