Question by Chef Jack: is assuming a mortgage considered a refinance? my wife and I are considering buying a property. there is an assumable existing VA with a payoff of 85,500. The purchase price of the property is 181,500. I only have about 6000 to put down, how can I finance the remaining balance of [...]

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 [...]