Pacific Coast Journal Header

Ritchie

Saturday, October 4, 2014

Is an Assumable Mortgage a Good Idea?

Written by Courtesy of Realtor.com 

Looking for an alternative to a traditional mortgage? An assumable mortgage is a loan that allows a buyer to take over a seller’s current loan, typically with no change to the terms or interest rate. When interest rates are low or falling, borrowers aren’t interested in taking on a loan with a higher interest rate than what a broker could offer.

No comments:

Post a Comment

Maximum Performance

Platinum Performance

Holy Cow Performance Horses