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Updated about 2 years ago, 10/17/2022

Herb Lau's profile image
Herb Lau's profile image
Herb Lau
  • Investor
  • from Philadelphia, PA
  • Member since Mar 20, 2008
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User Stats

25
Posts
6
Votes
Herb Lau's profile image
Herb Lau's profile image
Herb Lau
  • Investor
  • from Philadelphia, PA
  • Member since Mar 20, 2008
Connect
Herb Lau
  • Investor
  • Philadelphia, PA
6
Votes |
25
Posts
Private Lending & Conventional Mortgage Advice

Assumable mortgage available at premium?

Herb Lau
  • Investor
  • Philadelphia, PA
Posted

How much of a premium would a borrower have to pay to be able to use an assumable mortgage to purchase a house? It might have been a great strategy at the beginning of the year when rates were lower, to allow for better marketability when borrower wanted to become seller. 

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