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Updated over 1 year ago,

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...