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Updated about 6 years ago,

Lewis G.'s profile image
Lewis G.'s profile image
Lewis G.
  • Real Estate Agent
  • from Denver, CO
  • Member since Sep 30, 2015
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Lewis G.'s profile image
Lewis G.'s profile image
Lewis G.
  • Real Estate Agent
  • from Denver, CO
  • Member since Sep 30, 2015
Connect
Lewis G.
  • Real Estate Agent
  • Denver, CO
0
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13
Posts
Creative Real Estate Financing

assuming someone's mortgage

Lewis G.
  • Real Estate Agent
  • Denver, CO
Posted

Hello.  Can anyone explain how an assumable loan works?  I want to help out my parents with their mortgage payments.  Can I make a mortgage payment to the lender on their behalf without any consequences to me or them?  Or can I just take over their mortgage payments?  My parents would like me to have their house when they pass.

Thanks,

Lewis

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