Question by JosieE7: Assumable Mortgage?
How do I list my house as an assumable loan and can I ask for more than what the loan is listed at? I need to get out of my house soon because I can’t afford it anymore because of a divorce and I just need to sell it. I want to do an assumable because I have a great interest rate and want the buyer to pay closing cost and assumable loan fees. PLEASE HELP!!
But I don’t want to pay closing cost or get a realator. Will that help or hurt me?
Yes, I’ve talked to my lender and they said it is an assumable loan but they have to qualify through them.

Best answer:

Answer by Judy
Sure, you can advertise it that way – and could be a selling feature if it’s got a good rate.

And you can ask more than the loan – the difference would have to be made up by the buyer either with down payment, another loan, or combination of the two.

Good luck.

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Tags: assumable, MORTGAGE

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