Question by lmsprang: How do broker commissions work with assumable mortgages? Someone has recently offered to assume the mortgage on our house. We have the correct type of loan to do that, and the person has been approved by the lender. When we close, what sort of broker commission will we owe to our current [...]

Question by gitrdoneobama: How does an assumable mortgage work? What do you need to get one of these deals where you assume the mortgage on a house for sale? Best answer: Answer by LandlordMost of what you will see are scams. Few loans are assumable. But of those that are you still have to qualify [...]