I found a property that has a conventional loan on it by seller (definitely not FHA/VA). They are claiming this conventional loan can be assumed by the buyer and have paperwork from the bank to start the process.
Has...
Good morning BP!
So, my husband and I have had a deal drop into our laps that would be so great! It’d be our fourth door in four years, and would spare us one more move (house hacking with small children ain’t for t...
I'm going through a divorce a determining whether I want to buy my spouse out of our primary home or sell it and split the proceeds. The mortgage on our primary home is 3%. The lender (Mr. Cooper) said that the mortga...
Hello,
I am getting started with my real estate journey. How do I find the list of financial institutions who do assumable loans?
Pradeep
Hi! Is this possible and/or common? Thanks!
Hello all, newbie investor here looking to get my second property and would LOVE your advice! I saw a listing and in the description the sellers are offering an assumable loan, and I would love to know the best way to...
Hello Everyone!
I have VERY recently started acquiring property through judicial foreclosures, where I am bidding on the second position and acquiring the property subject to a first mortgage/DOT ( and a 6 month red...
Hey all,I'm looking into assuming the mortgage on my sisters house and am struggling to figure out how to finance the equity that I would have to come up with to make the deal work. Some details on the deal below:Mort...
Hello BP! I am working with a new client that is interested in Net Lease opportunities that have assumable notes. I am (obviously) having a hard time finding these opportunities and I am also having a hard time determ...
Working on an opportunity to acquire a property with an existing FHA loan. Seller was saying that escrow is supposed to end up being 6 months before we can acquire the loan. Supposedly that's what their lender told th...