What Is an Assumable Mortgage and How Does It Work?
Point2Homes
DECEMBER 15, 2021
Therefore, even though, as a buyer, you are taking over the seller’s loan, you will still need to prove to the lender that you’re in a financial position to make mortgage payments. Although VA loans are granted to military members and their spouses, you don’t have to be a military service member to assume a VA loan.
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