Jake Handler
Finding assumable loans
I was wondering if anyone has had any success or can share insight about the process of assuming a loan from a seller when acquiring a property. The idea makes a ton of sense for both buyer and seller; but I was wond...
Brittney Wright
Assuming Existing Tenants
I am closing on a duplex today and I have two units that are MTM. I am going to put them on leases but am wondering if I need to run background or credit checks on them first. Do I need to request them to send me copi...
Christopher Brown
Assuming two loans
Hello, I am looking to assume two properties. Owner is just done with them. I have two properties my self right now. Her loans are a VA and fha loan. What can I expect moving forward?
Joanna Kotlarski
Assuming the mortgage
Hi everyone,I am looking a at 159 unit apartment complex and the owner has an assumable mortgage. If I try to assume this loan, will I go through the same process as if I were just getting a loan to purchase it?The o...
Dan Grove
Assumable mortgage Question
Hey all,
I am going to make an offer on a house that has an assumable FHA mortgage at 3.1%. The sale price is $200,000 and the loan balance is $142,000. The lower rate obviously has a huge impact on the returns. ...
Travis Washington
Assuming Existing Tenants
Recently inherited two tenants of a duplex I purchased. One has been there for 8yrs and the other 7 months. Both are in there 50s and both on month-to-month.
What to hear your method of how you would approach these t...
Denean Smith
Assuming a mortgage
I am purchasing a house from a private seller and they are ok with me taking over their payments. I know some banks can require the payment in full once title transfers over. I live in state of Ohio and the mortgage c...
Wilson Vanhook
Assumable VA Loan
I was planning to use my 0 down VA loan on a new primary residence. But then I came across a seller than has an assumable VA loan at 2.75% interest. The purchase price is about $350k, but the assumable mortgage only h...
Matthew Teifke
Assuming a mortgage
I recently assumed a mortgage with build in equity. I'm planning to turn around and sell this property and I'm curious as to what my cost basis would be for taxing purposes. Just to make this simple. I paid $30 k to g...
Dassi Lazar
Assumable FHA Loans
I am trying to figure out a win-win on purchasing this property. Seller owes a little too much but her interest rate is the the 4s. The only way I see I can make this work if I assume her loan. The loan is an FHA loan...