How do I list my house as an assumable loan and can I ask for more than what the loan is listed at? I need to get out of my house soon because I can't afford it anymore because of a divorce and I just need to sell it. I want to do an assumable because I have a great interest rate and want the buyer to pay closing cost and assumable loan fees. PLEASE HELP!!
2006-10-24 08:02:06 · 3 answers · asked by JosieE7 2 in Business & Finance ➔ Renting & Real Estate
But I don't want to pay closing cost or get a realator. Will that help or hurt me?
2006-10-24 08:55:56 · update #1
Yes, I've talked to my lender and they said it is an assumable loan but they have to qualify through them.
2006-10-25 02:45:14 · update #2
Sure, you can advertise it that way - and could be a selling feature if it's got a good rate.
And you can ask more than the loan - the difference would have to be made up by the buyer either with down payment, another loan, or combination of the two.
Good luck.
2006-10-24 08:16:01 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
You don't decide if your mortageg is assumable the lender does that. Some contracts will state if the mortgage is assumable. You always list the sale price at the market value not the amount left on your mortage. If you need to get out soon you amy have to come down slightly from the current value but don't give it away.
2006-10-24 08:16:53 · answer #2 · answered by waggy_33 6 · 0⤊ 0⤋
Do you have an assumable loan?
help@choicefinance.net
2006-10-24 11:44:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋