Posts Tagged ‘assume’

My mortgage is overdue and I’d like to have my daughter assume it is that possible?

Friday, July 22nd, 2011

Question by Artie: My mortgage is overdue and I’d like to have my daughter assume it is that possible? She can’t come up with 10 percent downpayment and I’d like to keep the house in the family. She is able to make the payments and after reading my mortgage it doesn’t appear to be assumable. [...]

Rental Business: when buyer must “assume a mortgage” does it mean buyer does NOT need a mortgage broker?

Wednesday, July 6th, 2011

Question by Neil V: Rental Business: when buyer must “assume a mortgage” does it mean buyer does NOT need a mortgage broker? Hi All, When buyer is required by the seller to “assume seller’s mortgage” as part of the purchase, does it mean buyer does not need a mortgage broker to complete the transaction? will [...]