Question by David P: I am renting my home, do I need to inform my mortgage company? It is a FHA loan 30 year fixed assumable loan. Renting because the market stinks & cant sell. Any other issues with this plan I may need to be aware of? Best answer: Answer by deejayspopbe very careful [...]

Question by J: Do you always have to qualify with the seller’s current lender to purchase a home with an assumable mortgage? Best answer: Answer by mazziatplayYes because you are assuming the debt for which that lender holds the promissory not. Add your own answer in the comments!