An assumable mortgage can be a major selling point for a home, especially if it has a very low interest rate. However, selling a home with an assumable loan can be a lengthy and complex process.

Mortgage rates are now above 7 percent, but there are still options for securing a rate in the 3 percent range or lower ...

If you applied for your mortgage with a co-borrower or co-signer, the solution is relatively simple: The other party must ...

The three main types of loans backed by the federal government are: An assumable mortgage allows a prospective homebuyer to purchase a home by taking over an existing mortgage. Assuming someone ...

If you want to transfer your property to someone else, ask your servicer if your loan program allows mortgage assumption. Arranging for the new owner to assume your home loan could allow you to ...

Non-conforming mortgage rates are based on $850,000 loans. These daily rate calculations assume an 80% LTV ratio, a credit score of at least 740 and a 30- to 60-day lock period. The Freddie Mac ...

Eligible borrowers can also refinance their existing VA-backed mortgage or assume a seller’s VA loan. Jumbo VA loan Another type of purchase loan that allows qualified borrowers to buy higher ...

An assumable mortgage allows you to take over the remaining payments of an existing home loan. You would likely make a lump sum payment to the current owner to cover the value of any equity or for ...

Refinancing a mortgage works by replacing your current mortgage loan with a new one, preferably with better terms, a lower interest rate and new (hopefully lower) monthly payments. When you ...