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 [...]

Question by countygrl2005: If it is an assumable mortgage then what do they ask for at the bank. Or what will I need. ? Best answer: Answer by Ralph TThe same as if you were applying for a new loan for yourself. Employment,income,expenses,debts. An assumable mortgage only allows someone to assume the mortgage at the [...]