Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Any Tips For Contacting A Financial Institution For A Loan Assumption?
@Clay Reddick and I got a deal that we want to assume the loan on. We've confirmed the loan type is generally assumable and have the financial institution information we plan to call later today. Any tips on how to navigate that conversation? Is it as simple as calling their customer service line and asking about a loan assumption? Is there specific jargon that would make our conversation more successful? Like saying "subject to" instead of loan assumption (not sure if the two are equivalent l, it's just an example).