Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "got quoted for 4.625 percent 30 year fixed loan today (high conforming LTV of 85)"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Anyone consider selling their home as an assumable mortgage, given low rates? We have a 2.5% home and are in the process of building our new home and wonder what the appetite of some buyers is to get creative with a deal - i.e. pay us market value and assume the existing mortgage (while change names on title/note). Is this even possible?.[/quote] Can you still do assumables these days? [/quote] Can someone unpack this. A family friend is willing to sell us their home but has 200k left on the mortgage. Purchas price his 400k more so does the loan adjust upward to the sells price will takin on the sellers rate?[/quote] If their loan is assumable, you'd have to qualify for a 2nd mortgage. That rate might be higher than average market rate for a 1st mortgage, thus a wash. You'd have to ask a lender how a 2nd might work.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
