answersLogoWhite

0

Since the lender must approve you to assume any loan, a credit check will probably be necessary.

User Avatar

Wiki User

16y ago

What else can I help you with?

Continue Learning about Finance

Will Wells Fargo allow you to assume a loan if credit it is re-established but you've previously been foreclosed on a Wells Fargo loan 3 years prior?

Wells Fargo's policies on loan assumption can vary based on individual circumstances, including the nature of the foreclosure and the applicant's current credit status. If you have re-established your credit since the foreclosure, it may be possible to assume a loan, but it ultimately depends on their assessment of your overall financial situation. It's best to contact Wells Fargo directly for specific guidance on your case.


Do cosigned loans have to be listed in the TDS when applying for a mortgage?

I assume you are referring to some type of disclosure statement that is a part of the loan application process in your jurisdiction. When you c0-sign a loan you are promising to pay in the case of an default by the primary borrower. When you apply for credit for yourself you must disclose your financial obligation under the loan you co-signed.I assume you are referring to some type of disclosure statement that is a part of the loan application process in your jurisdiction. When you c0-sign a loan you are promising to pay in the case of an default by the primary borrower. When you apply for credit for yourself you must disclose your financial obligation under the loan you co-signed.I assume you are referring to some type of disclosure statement that is a part of the loan application process in your jurisdiction. When you c0-sign a loan you are promising to pay in the case of an default by the primary borrower. When you apply for credit for yourself you must disclose your financial obligation under the loan you co-signed.I assume you are referring to some type of disclosure statement that is a part of the loan application process in your jurisdiction. When you c0-sign a loan you are promising to pay in the case of an default by the primary borrower. When you apply for credit for yourself you must disclose your financial obligation under the loan you co-signed.


Where can you get a bad credit loan?

Yes, you can get Bad Credit Loan.


Is it good to have a loan when you have bad credit?

It will be hard to get a loan when you have bad credit. However, if you already have a loan and have bad credit on other things such as credit cards, then keeping your payments current on your loan can help improve your bad credit over time.


What bank you can go to get a bad credit loan you and your wife have bad credit?

Yes, you can get Bad Credit Loan.

Related Questions

Can a civilian assume a mortgage of a VA property?

Yes, a civilian can assume a mortgage of a Virginia property. In order to get a loan for a property in Virginia, the person must have a credit check completed. If they have good credit, their chances of being approved for the loan are higher. If they have bad credit, the bank or loan officer may ask for the person to have a cosigner.


Is it the same meaning of credit and loan?

No. A loan utilizes one's credit, but the loan does not define one's credit capability.


Do cosigned loans have to be listed in the TDS when applying for a mortgage?

I assume you are referring to some type of disclosure statement that is a part of the loan application process in your jurisdiction. When you c0-sign a loan you are promising to pay in the case of an default by the primary borrower. When you apply for credit for yourself you must disclose your financial obligation under the loan you co-signed.I assume you are referring to some type of disclosure statement that is a part of the loan application process in your jurisdiction. When you c0-sign a loan you are promising to pay in the case of an default by the primary borrower. When you apply for credit for yourself you must disclose your financial obligation under the loan you co-signed.I assume you are referring to some type of disclosure statement that is a part of the loan application process in your jurisdiction. When you c0-sign a loan you are promising to pay in the case of an default by the primary borrower. When you apply for credit for yourself you must disclose your financial obligation under the loan you co-signed.I assume you are referring to some type of disclosure statement that is a part of the loan application process in your jurisdiction. When you c0-sign a loan you are promising to pay in the case of an default by the primary borrower. When you apply for credit for yourself you must disclose your financial obligation under the loan you co-signed.


Where can you get a bad credit loan?

Yes, you can get Bad Credit Loan.


Get bad credit loan in Ontario?

Yes, you can get Bad Credit Loan.


Is it good to have a loan when you have bad credit?

It will be hard to get a loan when you have bad credit. However, if you already have a loan and have bad credit on other things such as credit cards, then keeping your payments current on your loan can help improve your bad credit over time.


What bank you can go to get a bad credit loan you and your wife have bad credit?

Yes, you can get Bad Credit Loan.


Is loan a credit or debit?

credit


If you have bad credit will a cosigner help?

Yes, a cosigner can help if you have bad credit, as they provide a guarantee to the lender that the loan will be repaid. This can improve your chances of getting approved for a loan or lease, and may also result in better interest rates. However, the cosigner's credit and financial stability will also be evaluated, and they assume responsibility if you default on the loan. It's important to maintain good communication and make timely payments to protect both your and your cosigner's credit.


What does Loan mean when you loan money to someone?

Loan means credit when you loan to somebody giving that somebody credit. You are the loaner and the person given credit is the Lonee. Loaner is the lender and the Lonee is the borrower.


What is a creditee?

Creditee is a the one who is having taken a loan or credit from the loan or credit provider


What does it mean to have a loan withdrawn?

Denied a loan; or depending upon the wording, borrowing on a loan...such as revolving credit...a credit advance.