Information about home mortgage loans for purchase or refinance
We have the option to be added to the sellers mortgage, then the seller intends to drop off the mortgage in a year or two, leaving us with the full responsibility of the property.. We do not know the name of this real estate transaction! It is not an assumable mortgage, that is another option for us though.
I would like to know where to located propertys that have a assumable mortgage and or the home owner cant afford it anymore.I know that FHAAND VA LOANS that closed before 1988 can be done with type of transaction without having to go through a credit check I just dont know where to find the homes/homeowners
There was almost 100k a year of income, then my health problems occurred…now It’s about 48k a year, consist of alimony and child support. I need to get my health back on track. I need to re-finance before my adjustable rate kicks in, this month or next. The lender suggested a forbearance agreement which has been done. I know I will have a much harder time with payments, once that happens. Moving into a less expensive home, that would be great but there is no equity left for another down payment. I need a lender that can help? Or does anyone have an assumable mortgage for me to take over? How and where can I find an assumable mortgage? Help from this stressful situation would be greatly appreciated.
I have four very young ones at home as well as four grand babies with animals. Renting is totally out of the question.
Tags: alimony, animals, assumable mortgage, child support, finance, forbearance agreement, grand babies, harder time, health problems, stressful situation, young onesI am working for a real estate investor and he needs a document that I cant find. I need a Copy a Assumable Mortgage Note and Deed of Trust. Do you have a copy of one or know where I can find one to download or purchase. Really Need this Document and cant find it.
I would like to thank you in advance for your anticipated cooperation.
Does anyone know how to take over an assumable mortgage, Some states you can still purchase property , Homes. etc! bye assuming the mortgage that the bank holds.
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