Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

61
Posts
13
Votes
Josh Milewski
Pro Member
  • New to Real Estate
  • Jonesboro, AR
13
Votes |
61
Posts

Any Tips For Contacting A Financial Institution For A Loan Assumption?

Josh Milewski
Pro Member
  • New to Real Estate
  • Jonesboro, AR
Posted

@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). 

  • Josh Milewski
  • Loading replies...