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Assumable Home Mortgage | Assumable Home Mortgage
Welcome to Assumable Home Mortgage. You will find information on the process of purchasing OR selling a home with an Assumable Mortgage. Most FHA and VA Loans Are Assumable! To qualified owner occupants). Contact us today for more information on how an Assumable Mortgage can benefit you. Why choose an assumable loan? Most FHA and VA Loans ARE ASSUMABLE! Click here for more in depth information and resources.
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Assumable Mortgage
Lenders are required to send a full release of liability letter to the seller once the loan is assumed. All you have to do is start the process. Home owners are freed of their mortgage commitment once the buyer agrees to the terms within the assumption package. The buyer will relieve you of your debt obligation and take over all remaining payments for the duration of the loan. Transferring your existing loan preserves credit, saves taxable income, and prevents deficiency judgments. Why?
