Assume a Mortgage? It’s back!
Filed Under Uncategorized · Tagged: assume mortgage, closing costs, FHA, financing
While not used very often in the last few years, I think we will start seeing more mortgages being assumed since FHA loans are making a comeback. Any FHA mortgage can be assumed, the new buyer just has to qualify for the existing financing. This may save the new buyer some up front mortgage fees and if the rate it good, it could work out well for everyone!
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