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)
Single adults face unique challenges when buying and selling a home. I know because I've done it myself, & a significant portion of my clients are single. This blog provides news & information you need to help you achieve your real estate goals. Alice Kuder, REALTOR®, Green. Prudential Northwest Realty Associates, Seattle, WA
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