Saturday, August 30, 2008

Helping buyers buy your home

Reprinted from "Weekly Real Estate News - Aug. 28, 2008"

"Sellers who can’t find a buyer should look at the terms of their mortgage and, if it is permitted in their area, offer to let a buyer assume their loan."

"Assumable mortgages made in recent years generally carry interests rates below current market rates. Plus, a buyer who can qualify with the lender can step into a mortgage without having to come up with a down payment or pay hefty closing costs."

"The Website HomeAssume.com matches buyers and sellers. "

"FHA and VA mortgages are assumable, as are many conventional adjustable-rate mortgages."

Source: Denver Post, Aldo Svaldi (08/24/2008)

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